International

Crypto / Digital Assets

OFAC Sanctions Crypto Targets Over Russia Sanctions Evasion

By Editors | 26/03/2024

The sanctioned entities either helped build or operate blockchain-based services or enabled virtual currency payments in the Russian financial sector, enabling potential sanctions evasion.

Enforcement

US, UK Announce Sanctions Against China-based Hackers

By Editors | 26/03/2024

A front company allegedly operating for China was sanctioned, along with 2 members of hacking group APT31. DOJ unsealed criminal charges against 7 individuals.

Fintech / Regtech

BIS Launches New AI & Data Project to Gain Economic Insights

By Editors | 25/03/2024

Project Neo aims to address the loss of effectiveness in decision-making as a result of delays and a lack of detail in official macroeconomic statistics.

Enforcement

Montenegro Halts Do Kwon Extradition to South Korea

By Sanday Chongo Kabange | 25/03/2024

Montenegro’s top prosecutor said only the Minister of Justice can decide on extradition, not the High Court, so now the Supreme Court will weigh in.

Sanctions

Russia Imposes New Sanctions Against 56 Canadian Citizens

By Editors | 25/03/2024

The sanctions target executives of Raytheon, Airbus, Boeing, and Rolls-Royce units in Canada, along with other companies involved in supplying weapons to Ukraine.

Sanctions

EU Announces 35 New Sanctions Over Death of Alexei Navalny

By Editors | 25/03/2024

The targets include the two penal colonies where Navalny was held, members of the judiciary, and officials in the penitentiary system and Russia’s Ministry of Justice.

Sanctions

EU Leaders to Advance Plans to Use Profits from Russia Assets

By Editors | 23/03/2024

Total financial contributions for Ukraine are expected to be around EUR 4.0-4.5 billion this year. Banks are concerned about legal action from Russia.

Sanctions

India Stops Accepting Oil from Sanctioned Russian Vessels

By Editors | 22/03/2024

Private and state-run refiners in India have stopped accepting cargoes from vessels owned by Sovcomflot, which was sanctioned by the US last month.

Sanctions

Armenian Banks Stop Accepting Russian Mir Cards – Reports

By Editors | 22/03/2024

The Union of Armenian Banks attributed the decisions to the risk of secondary sanctions from the US.