Sanctions

AML / KYC

US SEC Flags Deficiencies in Broker Dealer AML Programmes

By Editors | 03/08/2023

Some broker dealers had deficiencies in independent testing, staff training, customer identification and due diligence practices.

Sanctions

RBI Approves 34 Russian Vostro Accounts at Indian Banks

By Editors | 03/08/2023

Special Rupee Vostro Accounts were opened by Russian banks at 14 Indian commercial banks, based on guidelines issued by the RBI in July 2022.

Sanctions

EU Imposes New Russian Sanctions Targeting ‘Information Manipulation’

By Editors | 31/07/2023

Seven Russian individuals and five entities were sanctioned for conducting a digital information manipulation campaign.

Sanctions

Helsinki Commission Calls for Sanctions Against Swiss Nationals

By Editors | 31/07/2023

Three Swiss nationals allegedly received bribes to release frozen funds linked to Russian officials implicated in the 2009 murder of Sergei Magnitsky.

AML / KYC

US Agencies Call on Firms to Self-Disclose Sanctions Violations

By Editors | 27/07/2023

Self-reporting of sanctions and export controls violations make companies potentially eligible for “significant mitigation”.

AML / KYC

Germany to Establish New Financial Intelligence Bureau

By Editors | 26/07/2023

The new Federal Bureau of Financial Intelligence will introduce a new investigations procedure and offer specialised AML training courses.

Sanctions

EU Imposes Seventh Round of Sanctions on Myanmar

By Editors | 25/07/2023

The EU imposed sanctions on six individuals and one entity for “continuing escalation of violence” and human rights violations.

Crypto / Digital Assets

Russian President Signs CBDC Bill Into Law

By Manesh Samtani | 24/07/2023

The central bank will begin piloting a digital ruble in August, with 13 banks and about 30 enterprises from 11 cities participating.

Sanctions

Western Allies Announce New Sanctions to Deter Russia

By Manesh Samtani | 21/07/2023

US sanctions include Russian metal producers and financial institutions. Canada targeted Russia’s military-industrial complex. UK, Australia and EU also have new targets.