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Sanctions
AML / KYC
Sanctioned Crypto Mixer Relaunched Under New Name
By Editors | 16/02/2023
Blockchain analytics firm Elliptic found a trail of transactions linking sanctioned crypto mixer Blender to a new mixing service that was launched in October.
Crypto / Digital Assets
North Korean Crypto Thefts Broke Records in 2022 – Report
By Mark Johnston | 14/02/2023
A UN report says North Korea stole more crypto in 2022 than in any previous year, using cyber techniques that have grown in sophistication.
Sanctions
UK Adds Russia Sanctions, EU Prepares Next Package
By Manesh Samtani | 14/02/2023
The US will crack down on facilitators and third-country providers helping Russia evade sanctions, whether “wittingly or unwittingly”.
AML / KYC
Wolfsberg Group Updates CBDDQ, FCCQ, and Related Documents
By Editors | 13/02/2023
The CBDDQ updates include a new section on fraud and additional questions related to whistleblower policy, virtual bank licence, the approval of sanctions policy, and other changes.
Crypto / Digital Assets
South Korea Issues First Independent DPRK Sanctions
By Editors | 12/02/2023
The sanctions came hours after South Korea and the US released a joint cybersecurity advisory detailing the threat posed by North Korean ransomware actors.
Enforcement
US, UK Jointly Sanction Russian Ransomware Actors
By Editors | 12/02/2023
The first-of-its-kind joint action marks the first time suspected ransomware operators have been designated under the UK sanctions regime.
Sanctions
OFAC Issues Exemptions to Facilitate Syria Earthquake Relief Efforts
By Manesh Samtani | 09/02/2023
US sanctions in Syria will not stand in the way of life-saving efforts for the Syrian people, said deputy treasury secretary Wally Adeyemo.
Crypto / Digital Assets
US SEC Close to Settling Probe Against Crypto Firm Kraken
By Editors | 09/02/2023
Commissioner Hester Peirce says the SEC “has not done a good job” in providing regulatory clarity on crypto.
AML / KYC
SFC Fines Jinrui Futures for AML Compliance Failures
By Editors | 08/02/2023
Jinrui Futures is the 5th firm to be fined over the use of software that allowed Mainland investors to trade in Hong Kong without opening a local securities account.
Sanctions
OFAC Sanctions Eight Executives of Iranian Drone Maker
By Editors | 06/02/2023
The US has issued five rounds of designations of individuals and entities involved in transferring drones to Russia for use in Ukraine.
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