International

PEPs & Sanctions

EU Seeking Greater Certainty on Russia Sanctions Renewal Process

By Editors | 16/09/2024

The current process requires a unanimous vote from all EU member states every 6 months to renew the sanctions on Russia.

PEPs & Sanctions

US Issues New Sanctions Targeting Russian Influence Operations

By Editors | 16/09/2024

The new sanctions target media group Rossiya Segodnya and others connected to Russian state media RT and its “malign influence efforts”.

PEPs & Sanctions

UK Set to Launch Office of Trade Sanctions Implementation

By Editors | 16/09/2024

The office will be responsible for the civil enforcement of certain trade sanctions as they relate to UK services and overseas trade with a UK nexus.

PEPs & Sanctions

US Imposes Sanctions on Venezuelan Officials Over “Electoral Fraud”

By Editors | 13/09/2024

The sanctions target 16 Venezuelan officials aligned with Nicolas Maduro for obstructing fair elections and violating the rights of the Venezuelan people.

PEPs & Sanctions

UK Issues Sanctions on Ten Russian ‘Shadow Fleet’ Vessels

By Editors | 13/09/2024

This is the third time the UK has used its sanctions powers to target individual vessels that undermine sanctions and facilitate Russia’s oil trade.

PEPs & Sanctions

Russian President Threatens to Restrict Exports of Key Commodities

By Editors | 13/09/2024

Russian officials are reportedly exploring export restrictions on uranium, titanium, nickel, natural gas, diamonds and gold.

PEPs & Sanctions

OFAC Sanctions Cambodian Tycoon for Scam Centre Operations

By Manesh Samtani | 13/09/2024

Billionaire Ly Yong Phat was sanctioned for his role in human trafficking and human rights abuses tied to scam centre operations he controls in Cambodia.

KYC & CDD

GCFFC Calls for Better Access to Global Beneficial Ownership Data

By Manesh Samtani | 12/09/2024

In a new report, the GCFFC outlines key considerations for building technological systems to standardise the collection and publication of BO data across jurisdictions.

PEPs & Sanctions

OFAC Sanctions Hezbollah Oil and LPG Smuggling Network

By Editors | 12/09/2024

The sanctions target a senior Hezbollah finance team official, two Lebanese businessmen and companies they operate, along with a shipping company and two vessels.