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Enforcement
US Unveils Five Enforcement Actions Involving Russian Oligarchs
By Editors | 23/02/2024
The actions, including charges against the CEO of Russia’s VTB Bank, were unveiled just ahead of the two-year anniversary of the war in Ukraine.

AML / KYC
Three FIUs Issue Guidance on Russia Sanctions Evasion
By Manesh Samtani | 23/02/2024
The FIUs of Canada, Netherlands and Germany issued a joint advisory providing indicators to aid in the detection of dual-use goods trade involving Russia.

Sanctions
UK Unveils More Than 50 New Sanctions Targeting Russia
By Manesh Samtani | 23/02/2024
The sanctions targets include Russian diamond companies, weapons manufacturers, and three China-based companies.

Sanctions
EU Approves 13th Package of Sanctions Against Russia
By Editors | 22/02/2024
The new sanctions package includes trade restrictions on Chinese and Indian companies for the first time.

Sanctions
UK Imposes First Sanctions Over Death of Alexei Navalny
By Editors | 22/02/2024
Sanctions were imposed against six individuals who oversaw the prison camp where Navalny was held leading up to his death.

AML / KYC
Alternative Fund Managers Face Growing AML Risks: Study
By Ranamita Chakraborty | 22/02/2024
Several alternative fund firms faced AML fines and few were visited by regulators over money laundering concerns.

Sanctions
HSBC Wins Approval to Sell Russian Unit to Expobank
By Editors | 21/02/2024
HSBC announced in June 2022 that it had struck a deal to sell its Russian unit, but it has taken until now for approval from Vladimir Putin.

Crypto / Digital Assets
Cybercrime Group LockBit Has Been Dismantled
By Manesh Samtani | 21/02/2024
Law enforcement from ten countries have disrupted the criminal operation of the LockBit ransomware group.

Big Picture
Regulators Face Culture Challenges Just Like Those They Regulate: Report
By Manesh Samtani | 20/02/2024
New Starling Insights report argues says regulators suffer from the same cultural and behavioral ills that trouble the firms they oversee.

Sanctions
EU Allows Humanitarian Exception in Terrorism Sanctions Regime
By Editors | 20/02/2024
The decision comes after the EU established a dedicated framework in January to allow it to target Hamas and PIJ facilitators with sanctions.
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