Sanctions

    Sanctions

    EU Commission Proposes Ninth Russia Sanctions Package

    By Editors | 12/12/2022

    The package covers almost 200 individuals and entities, including three more Russian banks. More export controls, mining investments, and Russian TV channels also targeted.

    Enforcement

    US Sanctions Nasdaq Listed Company, Other ‘Corrupt’ Actors

    By Manesh Samtani | 12/12/2022

    The sanctions were connected to illegal fishing. The US, UK and Australia also sanctioned dozens of others in recognition of International Anti-Corruption Day and Human Rights Day.

    AML / KYC

    Korea FSS Directs Shinhan Bank to Bolster Crypto AML Systems

    By Editors | 08/12/2022

    The recommendations follow bank inspections that were launched in response to suspicious FX transactions used by customers to exploit the so-called “kimchi premium”.

    AML / KYC

    Japan Lawmakers Approve Revisions to Anti Financial Crime Laws

    By Editors | 07/12/2022

    The revisions will allow Japanese authorities to criminally punish crypto firms that do not comply with the Travel Rule.

    Sanctions

    US, Korea, Japan Sanction DPRK Over Missile Tests

    By Manesh Samtani | 05/12/2022

    The sanctions were imposed in response to recent ballistic missile tests, including one that had enough range to reach the US mainland.

    AML / KYC

    US Court Dismisses Remaining Charges Against Huawei CFO

    By Editors | 05/12/2022

    The charges against Meng Wanzhou were dismissed as part of her September 2021 deferred prosecution agreement.

    AML / KYC

    G7 Powers Set to Implement Oil Price Cap on Russian Crude

    By Editors | 04/12/2022

    EU ban on seaborne crude oil imports from Russia to take effect. G7 oil price cap will only insurers to cover vessels carrying Russian crude sold under USD 60.

    Sanctions

    EU Proposes to Use Russian Assets to Rebuild Ukraine

    By Editors | 04/12/2022

    Frozen Russian assets would be actively managed to generate a “stable and fair net return” to help fund reconstruction efforts in Ukraine.

    AML / KYC

    UK Sanctions 22 Russian Officials for Conscription Efforts

    By Editors | 04/12/2022

    The sanctions target officials who have promoted and enforced the conscription of citizens to fight in Russia’s “illegal war in Ukraine”.

    AML / KYC

    FATF Re-rates China on Two More Recommendations

    By Editors | 30/11/2022

    China was re-rated for progress made in the implementation of PF-related targeted financial sanctions and on beneficial ownership transparency.

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