Sanctions

    Crypto / Digital Assets

    FINRA Issues Additional Guidance on Ransomware Risk

    By Sanday Chongo Kabange | 22/12/2022

    Attacks have proliferated due to the increased use of technology, continued adoption of cryptocurrencies, and the emergence of Ransomware-as-a-Service models.

    Sanctions

    UK Ban on Providing Trust Services to Russia Takes Effect

    By Editors | 22/12/2022

    Professional services ban expanded from accounting, consulting and PR services to include trust, advertising, auditing, engineering and IT consultancy and design services.

    Sanctions

    Canada to Seize Russian Assets to Finance Ukraine

    By Editors | 22/12/2022

    Canada will attempt to seize assets from a company owned by sanctioned Russian oligarch Roman Abramovich, and use the proceeds for Ukraine’s reconstruction.

    Sanctions

    US, EU Announce Additional Sanctions Against Russia

    By Editors | 19/12/2022

    The US imposed new sanctions against Russian FIs and the country’s richest businessmen. The European Council adopted a ninth sanctions package against Russia.

    Sanctions

    US Adds Chinese Chipmakers, AI Firms to Trade Blacklist

    By Editors | 19/12/2022

    The move builds on new export controls announced in October, which were designed to prevent the transfer of advanced technology to China’s military, intelligence and security services.

    AML / KYC

    FinCEN Proposes Rules on Access to Beneficial Ownership Information

    By Editors | 18/12/2022

    The proposed rule also sets out requirements for institutions to have systems and controls to securely store beneficial ownership information and limit its access.

    Sanctions

    New Russia, Iran Sanctions Imposed Over Drone Use in Ukraine

    By Mark Johnston | 16/12/2022

    The UK, EU and New Zealand has announced new sanctions against Iranian individuals and entities over the supply of drones to Russia.

    AML / KYC

    AUSTRAC Releases First Proliferation Financing Risk Assessment

    By Manesh Samtani | 15/12/2022

    Australia is vulnerable due to lack of reporting requirements for DNFBPs and poor transparency of companies, trusts, and beneficial ownership.

    Enforcement

    Singapore Jails Man for Exporting Beverages to North Korea

    By Editors | 14/12/2022

    The man, while working as a manager for Pokka International, sold beverages he knew would later be exported to North Korea for commercial trade.

    Sanctions

    China Files WTO Complaint Over Semiconductor Export Controls

    By Editors | 14/12/2022

    China is separately working on a CNY 1 trillion support package to expand domestic semiconductor production and research activities.

    JOIN OUR NEWSLETTER

    A daily selection of top stories from the Regulation Asia editorial team