Sanctions

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    AML / KYC

    UAE Becomes First Arab Country to Join APG as Observer

    By Mark Johnston | 13/07/2023

    A delegation from the UAE participated as an observer in the APG forum in Vancouver earlier this month. Other observers include the UK, France, and Germany.

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    AML / KYC

    India Increasingly Using CNY to Buy Russian Oil

    By Editors | 11/07/2023

    The relative ease with which Russia can accept yuan payments has led to adoption of the Chinese currency for some 10% of payments.

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    AML / KYC

    US Treasury Asks Hong Kong FIs to Help Prevent Export Control Evasion

    By Editors | 11/07/2023

    Treasury officials reportedly asked banks to help identify certain high-tech items being shipped to Russia via Hong Kong.

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    Sanctions

    UK to Strengthen Sanctions Regime to Target Iran

    By Editors | 09/07/2023

    The move is a response to “more than 15 credible threats” by the Iranian regime to “kill or kidnap British or UK-based individuals”.

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    Sanctions

    US to Restrict Chinese Access to Cloud Computing Services – Report

    By Editors | 05/07/2023

    Cloud providers like AWS and Microsoft Azure would have to seek government permission to serve Chinese firms that use such platforms to train AI models.

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    Sanctions

    China to Impose Export Controls on Key Chipmaking Metals

    By Sanday Chongo Kabange | 04/07/2023

    China says the imposition of export curbs on gallium and germanium is to safeguard national security and interests.

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    Sanctions

    China Expands Foreign Relations Toolbox with New Law

    By Editors | 30/06/2023

    The new law authorises China’s government to apply “countermeasures” against threats to national and economic security.

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    Sanctions

    South Korea Sanctions Former Citizen for Over DRPK Deals

    By Editors | 29/06/2023

    Choi Chon Gon and a North Korean accomplice set up business entities to bypass UN Security Council resolutions against North Korea.

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    Sanctions

    OFAC, OFSI Issue Sanctions Guidance on Humanitarian Assistance

    By Editors | 28/06/2023

    The guidance provides clarity on authorisations available for humanitarian, agricultural and medical support provided to regions impacted by Russia’s war in Ukraine.

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    AML / KYC

    Russia Identified as “High Risk” Jurisdiction in New Report

    By Manesh Samtani | 27/06/2023

    AML think tank Themis says the threat Russia poses to the integrity of the global financial system has been increasing.

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