Sanctions

Sanctions

OFAC Sanctions Individuals Linked to Mexican Timeshare Frauds

By Editors | 01/12/2023

OFAC says the newly sanctioned individuals and entities are linked to timeshare frauds led by a Mexican drug cartel.

Crypto / Digital Assets

US Treasury Lobbies for Powers to Pursue Foreign Crypto Firms

By Editors | 30/11/2023

Deputy Secretary Wally Adeyemo said Treasury is calling for legislation authorising OFAC to exercise extraterritorial jurisdiction over transactions in USD-pegged stablecoins.

Sanctions

OFAC Sanctions Hong Kong, Singapore Companies for Iran Trade

By Editors | 30/11/2023

Sanctions target more than 20 individuals and entities accused of facilitating Iranian defence sector through companies in Hong Kong, Singapore, and elsewhere.

Sanctions

OFSI Touts Success in UK Court over Russia Sanctions Licence

By Editors | 29/11/2023

OFSI blog post summarises an October 2023 decision upholding the agency’s power to deny licence requests under the UK Russia sanctions regulations.

Sanctions

EU Expands Sanctions “Carve-Out” for Humanitarian Aid

By Editors | 28/11/2023

Latest Council decision will permit humanitarian transactions with EU-sanctions targets under 10 sanctions programs.

Enforcement

US Jury Convicts Two Individuals for Attempting to Export Iranian Oil to China

By Editors | 23/11/2023

The individuals were accused of conspiring to violate US sanctions through a scheme to sell Iranian-origin petroleum to a Chinese buyer via shell companies.

Sanctions

FinCEN Hosts US Banks for Discussion on Russian Export Controls Evasion

By Editors | 23/11/2023

Readout from FinCEN forum includes a list of guidance documents to help financial institutions detect and report transactions related to suspected export controls evasion.

AML / KYC

FATF, OECD Spotlight Vulnerabilities of Investment Migration Programmes

By Manesh Samtani | 23/11/2023

The report proposes mitigation measures to address the risks and vulnerabilities associated with investment migration programmes.

Sanctions

UK, South Korea to Cooperate on North Korea Sanctions Patrols

By Editors | 23/11/2023

Agreement calls for greater naval cooperation to detect and thwart violations of UN sanctions off the coast of North Korea.