ADVERTISEMENT
Sanctions
Sanctions
OFAC Issues First Sanctions for Breaches of Russia Oil Price Cap
By Editors | 15/10/2023
A new advisory was also released offering recommendations to the maritime industry and related sectors to enhance compliance with the price caps.
Sanctions
OFAC Sanctions Target Drug Trafficking, Crypto Abuse – Chainalysis
By Jill Wong | 10/10/2023
OFAC sanctions against several Chinese entities are an important step in preventing crypto abuse by criminal syndicates, Chainalysis says.
Enforcement
StanChart Seeks Removal of Allegations in Investor Lawsuit
By Mark Johnston | 05/10/2023
Standard Chartered says allegations that it misled investors on its sanctions noncompliance are baseless.
Sanctions
OFAC Sanctions China-based Network for Fentanyl Production, Trafficking
By Editors | 04/10/2023
The DOJ unsealed indictments charging Chinese companies and their employees for illicit drug production, distribution, and sales of precursor chemicals.
Sanctions
Singapore Court Rules Against JPMorgan in Trade Sanctions Lawsuit
By Manesh Samtani | 02/10/2023
The Court of Appeal ruled that JPMorgan’s use of a sanctions clause to withhold payment on letters of credit was not contractually justified.
Sanctions
Western Allies Issue Guidance on Russia-related Export Controls
By Mark Johnston | 01/10/2023
E5 countries issue a guidance document for industry and academia on exporting commercial goods that may be subject to Russia sanctions.
Sanctions
UK Imposes New Sanctions Over “Sham Elections” in Ukraine
By Mark Johnston | 01/10/2023
The sanctions are a response to Russia’s attempts one year ago to use “falsified and illegitimate sham referendums” to annex sovereign Ukrainian land.
Sanctions
UK OFSI Updates Russia Sanctions Guidance
By Editors | 29/09/2023
The updated guidance addresses uncertainties regarding funds received from sanctioned banks when neither the sender nor recipient are designated persons.
Sanctions
OFAC Sanctions Procurement Network for Iranian Drones
By Editors | 28/09/2023
The new sanctions target five entities and two individuals based in Iran, China, Hong Kong, Turkey and UAE.
Enforcement
UPDATED – US DOJ Probes Possible Sanctions Violations at Credit Suisse, UBS – Report
By Editors | 28/09/2023
The DOJ has requested information about how Credit Suisse and UBS handled the accounts of sanctioned clients in recent years.
JOIN OUR NEWSLETTER
A daily selection of top stories from the Regulation Asia editorial team