Sanctions

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.

AML / KYC

EU to Gain Legal Authority to Punish Sanctions Circumvention

By Editors | 30/11/2022

The move will make it easier for EU authorities to take action against anyone who helps Russia avoid its sanctions.

AML / KYC

OFAC Fines Crypto Firm Kraken for Iran Sanctions Violations

By Editors | 30/11/2022

Kraken was facing a maximum fine of over $272mn. The $362,000 settlement reflects OFAC’s determination the violations were “non-egregious and voluntarily self-disclosed”.

Press Release

Refinitiv Awarded Best Screening Solution for PEPs, Sanctions

By Editors | 22/11/2022

Refinitiv, was recognised for best solution in PEPs, sanctions & name screening at Regulation Asia’s 5th annual awards ceremony.

Press Release

Japan FSA Recognised for Outstanding Work as AML Regulator

By Editors | 22/11/2022

Financial Services Agency Japan, was recognised as Regulator Project of the Year for its efforts to enhance Japan’s AML/CFT regime.

AML / KYC

Western Allies Sanction Iran Over Protest Handling, Drone Sales

By Editors | 18/11/2022

The EU, UK, US and Canada imposed sanctions over the use of use of force against peaceful protestors and the sale of drones to Russia.

AML / KYC

USCC Calls for Formation of China Sanctions Planning Committee

By Editors | 17/11/2022

Congressional advisory body USCC says a new committee should be formed to develop options to respond to possible hostile action by China against Taiwan.

AML / KYC

Sanctions Based on UN Consensus Mechanisms are Declining

By Manesh Samtani | 17/11/2022

New Refinitiv paper says one of the most significant trends observed in its analysis of sanctions data is a steep decline in the importance of the UN’s sanctions.

AML / KYC

New US Sanctions Target Network Procuring Tech for Russia

By Editors | 15/11/2022

OFAC sanctions target microelectronics supply network. European Commission issues new FAQs. Canada targets 23 Russian individuals.