INTERNATIONAL

Sanctions

China Issues New Export Control Regulations for Dual-use Items

By Editors | 20/10/2024

The regulations establish a licensing system for the export of dual use items and create a list of restricted goods.

Sanctions

OFAC Sanctions More Entities, Vessels Linked to Houthi Financing

By Editors | 20/10/2024

The sanctions target vessels that illicitly transport Iranian oil and companies and captains that managed and operated the vessels, including two Indian nationals.

Enforcement

DOJ Secures $950m Settlement to Settle Bribery, Fraud Charges

By Editors | 19/10/2024

RTX Corporation, the defence contractor formerly known as Raytheon, defrauded the US government through its billings and paid bribes to secure contracts in Qatar.

Sanctions

UK Sanctions Another 22 Russian Shadow Fleet Vessels

By Editors | 18/10/2024

The UK also sanctioned Russian gas company Rusgazdobycha JSC, to ratchet up pressure on the Russian gas industry.

Market Infrastructure

FSB Proposes Common Format for Reporting Operational Incidents

By Editors | 18/10/2024

The FSB has published for consultation a common format which can be used by financial firms to report operational incidents.

AML / KYC

FATF Announces Changes to Grey-Listing Mechanism

By Manesh Samtani | 18/10/2024

The changes are expected to halve the number of lower income countries that are grey-listed in the upcoming assessment cycle.

Sanctions

OFAC Sanctions Hezbollah Finance Network and Drug Traffickers

By Editors | 17/10/2024

Three individuals linked to Hezbollah’s finance team were sanctioned, along with three others involved in captagon production and trafficking.

Sanctions

11 Countries Establish Team to Monitor DPRK Sanctions Enforcement

By Manesh Samtani | 17/10/2024

The new Multilateral Sanctions Monitoring Team will take up the work of a UN expert panel that was dissolved by a Russian veto earlier this year.

Sanctions

Western Banks Processed Payments for Russian Warlord – Reports

By Editors | 30/09/2024

C4ADS says Yevgeny Prigozhin was able to establish a transnational criminal empire in Africa in part by hijacking the payments systems of western banks.