ADVERTISEMENT
International
Sanctions
Switzerland Adopts More Measures from EU’s 14th Russia Package
By Editors | 21/10/2024
Switzerland will not adopt the EU text that requires companies to prevent circumvention via their subsidiaries “to the best of their ability”.
AML / KYC
FATF Due to Consider Adding Russia to Blacklist – Reports
By Editors | 21/10/2024
Ukraine is calling on the FATF to blacklist Russia, citing its close financial and military cooperation with UN-sanctioned North Korea and Iran.
Sanctions
OFAC Issues Sanctions Over China-Russia Drone Project
By Editors | 21/10/2024
These are the first sanctions imposed on China-based entities for “directly developing and producing complete weapons systems in partnership with Russian firms”.
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.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.