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Sanctions
AML / KYC
AUSTRAC Establishes Operational Response To Israel-Gaza Conflict
By Sanday Chongo Kabange | 02/11/2023
AUSTRAC advises reporting entities to report any suspicious transactions they identify as part of the “important role” they play in stopping financial crime.
Sanctions
US, UK, Canada Announce New Myanmar Sanctions
By Editors | 01/11/2023
OFAC restricts financing to Myanma Oil and Gas Enterprise (MOGE), as UK and Canada add new names to asset freeze lists.
AML / KYC
Japan Joins US in Sanctioning Hamas Fundraisers
By Editors | 31/10/2023
Japan announces sanctions on nine individuals and one company following US Treasury action earlier this month.
AML / KYC
Elliptic Corrects Media and US Senator over Reporting on Hamas Crypto Funding
By Editors | 31/10/2023
Blockchain analytics firm says the WSJ and Senator Elizabeth Warren misrepresented its research in overstating the funding Hamas received through cryptocurrency.
Crypto / Digital Assets
OFAC Targets Hamas Finances With New Sanctions
By Editors | 30/10/2023
The new designations underscore the “critical role Iran plays” in providing support to Hamas, said deputy Treasury secretary Wally Adeyemo.
Sanctions
US, China Hold First Meetings of New Working Groups
By Mark Johnston | 25/10/2023
The US “frankly raised” areas of concern at the first economic and financial working group meetings with Chinese officials.
Enforcement
China’s Foxconn Investigation Making Investors Uneasy – Reports
By Editors | 24/10/2023
Reports suggest the investigation is politically motivated, because Foxconn founder Terry Gou is seeking Taiwan’s presidency.
Sanctions
China Imposes Exports Controls on Graphite Products
By Editors | 23/10/2023
China dominates global supply chains for graphite, a key material used in electric vehicle batteries.
Sanctions
US Treasury Announces Easing of Venezuela Sanctions
By Editors | 21/10/2023
A six-month general licence allows the production, sale and export of Venezuela’s oil and gas, without limitations on customers or destinations.
AML / KYC
FinCEN to Require FIs to Report Transactions Involving Crypto Mixers
By Editors | 19/10/2023
FIs would have to report information about transactions they know or suspect could involve crypto mixing, whether in the US or in another jurisdiction.
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