Sanctions

Sanctions

OFAC Expands Sanctions on Jet Fuel for Myanmar Military

By Editors | 24/08/2023

One of the sanctioned individuals helps Myanmar’s military regime procure jet fuel through Singapore-based holding companies.

AML / KYC

US Sanctions Tornado Cash Co-founder, Arrests Another

By Manesh Samtani | 24/08/2023

Russian national Roman Semenov was added to OFAC’s sanctions list. Another co-founder, Roman Storm, was arrested on Wednesday.

Crypto / Digital Assets

North Korea Stole $200m in Crypto in 2023: TRM Labs

By Mark Johnston | 23/08/2023

TRM Labs describes how North Korea has evolved its on-chain laundering methodologies to evade sanctions, law enforcement scrutiny, and tracing capabilities.

Crypto / Digital Assets

Russia Launches CBDC Pilot With 13 Banks Participating

By Editors | 21/08/2023

The pilot involves 13 banks and 600 individual clients who can make payments at 30 points of sale in 11 Russian cities.

AML / KYC

Bangladesh’s Sonali Bank Freezes Accounts of Myanmar State Banks

By Editors | 18/08/2023

The move was made in response to direct requests from US authorities, who sanctioned two of Myanmar’s state-owned banks in June.

Sanctions

OFAC Highlights US-Origin Goods in Latest Sanctions Settlement

By Editors | 18/08/2023

Employees at a UAE subsidiary of a US firm falsified documents in an attempt to disguise the transactions involving the re-export of US-origin goods to Iran.

Sanctions

US Sanctions Three Entities Tied to Russia-DPRK Arms Deals

By Editors | 16/08/2023

The three entities are owned or controlled by a Slovakian arms dealer who was sanctioned by the US in March.

AML / KYC

Ex-FBI Agent Admits He Worked for Sanctioned Russian Oligarch

By Editors | 15/08/2023

Charles McGonigal, one of the highest-ranking FBI agents to ever face criminal charges, entered a guilty plea on Tuesday in New York.

Sanctions

Myanmar Allows Thai Baht to be in International Payments

By Editors | 14/08/2023

Myanmar’s Military Council has designated the Thai Baht as a currency for both international payments and account clearing.