Sanctions

AML / KYC

EU to Sanction Iran Over Drone Sales to Russia

By Editors | 20/10/2022

The EU has just imposed sanctions over the way protests in Iran are being handled. The drone transfers to Russia are considered a violation of a UNSC resolution.

AML / KYC

Canada, Switzerland Sanction More Russians, EU Considers 9th Package

By Manesh Samtani | 19/10/2022

The next round of EU sanctions could include limits on LPG imports, more restrictions against Russian banks, and a ban on the sale of European real estate to Russians.

AML / KYC

Japan Cabinet Passes Bill to Strengthen AML System

By Editors | 18/10/2022

Crypto exchanges will be obliged to share information on users and screen customers against sanctions lists.

AML / KYC

HSBC Suspends Investment Services for Russian Clients in Hong Kong

By Editors | 18/10/2022

HSBC has reportedly sent a letter to most of its Russian retail clients in Hong Kong saying it is unable to provide them investment services because of sanctions imposed by the EU.

AML / KYC

US Treasury Facing 2nd Lawsuit Over Tornado Cash Sanctions

By Editors | 14/10/2022

Think tank Coin Center argues that the Tornado Cash sanctions harm US citizens and their ability to transact privately using the Ethereum network.

Sanctions

US Blocks Export of Computing Chips to China

By Editors | 12/10/2022

The export controls are aimed at preventing the transfer of advanced technology to China’s military, intelligence and security services.

AML / KYC

US Treasury Penalises Crypto Exchange Bittrex $29mn

By Editors | 12/10/2022

OFAC and FinCEN took joint action for sanctions screening failures and violations of AML and SAR reporting requirements.

AML / KYC

US Targets Fuel Procurement Network in Latest DPRK Sanctions

By Editors | 11/10/2022

The sanctions are against two Singapore companies, a Marshall Islands entity, and two individuals for illicit ship-to-ship transfers to deliver fuel to North Korea.

AML / KYC

US Says Hong Kong Risks Becoming Haven for Sanctioned Russians

By Editors | 11/10/2022

The warning came days after Hong Kong indicated it would not pursue action against a superyacht owned by a sanctioned Russian oligarch that docked in the city.