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Sanctions
Sanctions
US to Tighten Foreign Investment Scrutiny Amid China Concerns
By Mark Johnston | 15/09/2023
CFIUS will increase its compliance checks, questions, and site-visits, and hire more third-party auditors to identify deals that could impact national security.
Sanctions
EU Imposes Human Rights Sanctions Against Russian Judges, Prosecutors
By Editors | 13/09/2023
The EU Council said Russia’s judiciary is “not independent” and is “used to systematically and severely violate the human rights of individuals opposed to the ruling regime”.
Sanctions
FinCEN Sheds Light on Cases of Export Control Evasion
By Editors | 11/09/2023
SAR filings reveal that a network of China- and Hong Kong-based entities may be providing support to Russia’s military and/or defense industrial base.
Sanctions
EU Issues New Guidance on Preventing Sanctions Circumvention
By Editors | 11/09/2023
If sanctioned items are exported to third countries and then re-exported to Russia, the underlying due diligence inadequacies will be considered sanctions law violations.
AML / KYC
No Place to Hide: US Court Upholds Sanctions on Decentralised Crypto Platform
By James Gillespie | 11/09/2023
RUSI’s James Gillespie discusses what the Tornado Cash case means for holding DeFi platforms accountable under AML and sanctions laws.
Sanctions
HSBC to Halt Russia, Belarus Payments for Corporate Clients – Reports
By Editors | 11/09/2023
HSBC reportedly told customers that the sanctions and trade restrictions imposed on Russia and Belarus have made it “increasingly challenging” to operate.
Enforcement
US, UK Jointly Sanction Trickbot Ransomware Actors
By Editors | 08/09/2023
The US and UK sanctioned 11 members of the Russia-based cybercrime gang. The DOJ unsealed indictments against 9 individuals, including 7 of the sanctions targets.
AML / KYC
UK to Designate Wagner Group as Terrorist Organisation
By Sanday Chongo Kabange | 07/09/2023
The draft order to proscribe Wagner Group is expected to pass in Parliament and come into force on 13 September.
Sanctions
FCA Unveils Findings from Sanctions System Testing in Financial Sector
By Manesh Samtani | 07/09/2023
The FCA used a “new analytics-based tool” developed in-house that tests how effective firms are at identifying sanctioned individuals and entities.
Sanctions
Bangladesh Banks Directed to Stop Transacting With Myanmar State Banks
By Editors | 07/09/2023
Citing US sanctions, Bangladesh Bank instructed banks to stop transacting with Myanma Foreign Trade Bank and Myanma Investment and Commercial Bank.
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