All posts tagged "Sanctions"
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430AML / KYCUS Federal Court Declares Crypto Subject to Sanctions Laws
A newly unsealed federal court opinion supports the DOJ's first criminal prosecution involving the use of crypto for sanctions evasion.
May 20, 2022 -
391AML / KYCUS Warns Against Inadvertent Hiring of DRPK IT Workers
North Korean IT workers may try to obtain employment building crypto exchange platforms and then use the infrastructure to launder money and evade sanctions.
May 20, 2022 -
317AML / KYCUS Warns Foreign Banks Against Facilitating Sanctions Evasion
Foreign banks could fall under US sanctions if they provide material support to a person or entity sanctioned by the US.
May 18, 2022 -
591Big PictureBank Culture Regarded as Critical Governance Priority: Report
Financial regulators are prioritising psychological safety, ‘speak up’ culture, and the ability to “predict and prevent” stakeholder harm, says a report from Starling.
May 16, 2022 -
650AML / KYCUS Considers Sanctions Against China’s Hikvision: Reports
The possible inclusion of Hikvision on the SDN List would have far-reaching consequences because its equipment is used -in more than 180 countries.
May 10, 2022 -
474AML / KYCOFAC Sanctions Crypto Mixer, 49 More Wallet Addresses
Crypto mixer Blender.io was used to process over $20.5mn of the crypto stolen from the Axie Infinity hack in March, OFAC said.
May 9, 2022 -
365AML / KYC
EU Oil Embargo Opens Possibilities for Further Sanctions – Report
The US could enforce secondary sanctions against designated Russian entities and individuals, which would threaten anyone transacting with Russia.
May 9, 2022 -
565AML / KYCUS, UK Include Professional Services in New Russia Sanctions
New OFAC designations; US and UK bans on Russian access to professional services; New trade restrictions, vessel designations
May 9, 2022 -
484AML / KYCUK Gov Removes Key Sanctions List Format Without Notice
The XML version of the FCDO sanctions list was removed last week. XML is the key format used by large organisations to automate sanctions compliance.
May 9, 2022 -
440AML / KYCCentral African Republic Adopts Bitcoin as Legal Tender
The adoption of Bitcoin as legal tender is expected to make transactions in CAR easier, but the move is seen as part of a power struggle between Russia and France.
May 6, 2022
