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Sanctions
Sanctions
US, UK, Australia Announce New Round of Hamas Sanctions
By Editors | 23/01/2024
OFAC said the sanctions target Hamas, its financiers, and its international financial infrastructure, including crypto transfers.
Sanctions
EU Discusses 13th Sanctions Package for Russia – Report
By Editors | 22/01/2024
The package could include further listings, more trade restrictions. and cracking down on Russia’s ability to circumvent sanctions via third countries.
Enforcement
US Regulators Fine ICBC New York Branch for Regulatory Violations
By Editors | 22/01/2024
ICBC disclosed confidential supervisory information without regulatory approval and had deficiencies in its BSA/AML compliance programme.
Sanctions
US Sanctions Prompt Turkish Banks to Reject Russian Payments
By Editors | 22/01/2024
Turkish banks are now refusing to accept payments from Russian banks for exports, due to the threat of US sanctions.
Sanctions
OFAC Sanctions 18 Tankers for Russian Oil Price Cap Violations
By Editors | 19/01/2024
UAE based shipping company Hennesea and 18 of its vessels are subject to restrictions for transporting Russian crude at prices higher than the price cap.
AML / KYC
EU Council, Parliament Reach Provisional Agreement on AMLD6
By Manesh Samtani | 18/01/2024
The scope of the AML rules is broadened to include cryptoassets, luxury goods, football clubs and golden visas. There is also an EU-wide cash payment limit of EUR 10,000.
Sanctions
US Sanctions Prompt China Banks to Review Russia Business
By Editors | 18/01/2024
The threat of secondary sanctions has prompted Chinese state-owned banks to review their Russian business and sever ties with clients on the sanctions list.
Sanctions
US Redesignates Yemen’s Houthis as Global Terrorist Group
By Editors | 18/01/2024
The designation comes with sanctions that target the group’s sources of financing and restrict its access to financial markets.
Sanctions
S. Korea Imposes Sanctions to Block DPRK Maritime Activities
By Editors | 17/01/2024
The sanctions target ships, individuals, and organisations for “illegal maritime activities that support North Korea’s nuclear and missile development.”
AML / KYC
NYDFS Announces $8m Settlement With Genesis Global Trading
By Editors | 15/01/2024
Genesis Global Trading is also required to give up its BitLicense and cease all operations in New York as part of the settlement.
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