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INTERNATIONAL
Sanctions
US Revokes Licences Allowing Chip Exports to Huawei
By Editors | 08/05/2024
Some companies have been notified that their licences to ship goods to Huawei are effectively revoked.
Sanctions
EU Commission Proposes 14th Russia Sanctions Package
By Editors | 07/05/2024
The package targets transshipments of Russian LNG, “shadow fleet” vessels, the SPFS interbank messaging service, and non-EU companies that help Russia.
AML / KYC
US Prosecutors Secure Guilty Plea from Ex BTC-e Operator
By Editors | 06/05/2024
Alexander Vinnik was facing up to 55 years in prison, but due to a plea bargain he is expected to receive a prison term of less than ten years.
Sanctions
US Officials in Malaysia, Singapore This Week to Discuss Sanctions
By Editors | 06/05/2024
Treasury’s Brian Nelson and Neil MacBride will meet with the Malaysian and Singapore financial sectors to discuss compliance and enforcement efforts.
Sanctions
Russia Expected to Retaliate Against Asset Confiscation
By Manesh Samtani | 06/05/2024
Confiscation of Russia’s frozen foreign reserves could result in foreign-owned private assets being seized.
Crypto / Digital Assets
Inclusion of DTI in Reporting a ‘Milestone’ for Transparency: DTIF
By Editors | 04/05/2024
The introduction of the Digital Token Identifier as an underlier to the UPI and OTC ISIN will bring greater transparency to the crypto derivatives market.
AML / KYC
Tether to Start Monitoring Secondary Market for USDT
By Editors | 04/05/2024
Through a partnership with Chainalysis, Tether will provide sanctions monitoring, an illicit transfers detection tool, and analysis on major USDT holders.
Enforcement
Canada’s FINTRAC Imposes AML Penalty on TD Bank
By Mark Johnston | 03/05/2024
The $6.7mn fine is the largest-ever levied by FINTRAC. TD Bank has separately provisioned $450mn for potential US penalties.
Sanctions
US Senators Raise Concerns Over Iran’s Crypto Mining
By Editors | 03/05/2024
A letter from two US senators asks government officials about the steps being taken to address Iranian crypto mining and sanctions evasion.
Enforcement
Russian Court Cancels Part of JPMorgan Freeze Order
By Editors | 03/05/2024
The majority of JPMorgan’s funds in Russia cannot be seized as they are held in so-called “type C” accounts.
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