SANCTIONS

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    AML / KYC

    Laos AML/CFT Regime Has “Significant Deficiencies” – FATF

    By Manesh Samtani | 30/08/2023

    Laos is rated “non-compliant” on nine of the FATF’s 40 recommendations, and “partially compliant” on 22 recommendations.

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    Sanctions

    Russia Considers Decree to Enable Investors to Unblock Assets

    By Mark Johnston | 28/08/2023

    Under the plan, interested foreign investors would be able to buy Russian assets currently frozen in Europe.

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    Sanctions

    New Zealand Joins US, UK in Sanctions over Treatment of Ukrainian Children

    By Editors | 27/08/2023

    The New Zealand and US sanctions coincided with Ukrainian Independence Day on 24 August.

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    Sanctions

    US Commerce Dept Removes 27 Chinese Companies from “Unverified List”

    By Editors | 25/08/2023

    The Unverified List is part of the US Export Administration Regulations. A company may be placed on the list when certain information about it cannot be verified.

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    Sanctions

    Canada Sanctions Russian Military, Nuclear, Banking Sector Targets

    By Mark Johnston | 24/08/2023

    Canada sanctioned four individuals and 29 entities linked to Russia’s military, financial and nuclear sectors over the Ukraine war.

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    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.

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    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.

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    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.

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    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.

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    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.

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