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Sanctions
Enforcement
South Korea Arrests Shipping Agent for DPRK Sanctions Violations
By Editors | 03/02/2023
The shipping agent was detained on charges relating to illegal shipments of diesel to North Korea conducted between October 2021 and January 2022.
AML / KYC
UK Deadline Passes for Foreign Property Owners to Declare Identity
By Manesh Samtani | 02/02/2023
The register has so far established that various billionaire businessmen, political donors, criminals, and sanctioned individuals own UK property through offshore jurisdictions.
Sanctions
US, Canada, UK Announce Fresh Myanmar Sanctions
By Editors | 01/02/2023
The sanctions come two years after the February 2021 military coup. Myanmar’s air force is among the targets for its civilian bombing campaign.
ESG / Sustainability
Australia Sanctions Targets in Iran, Myanmar for Human Rights Abuses
By Editors | 01/02/2023
The Australian government also announced sanctions against individuals and entities in Myanmar and Iran for violence and human rights abuses against their people.
Sanctions
Australia’s Autonomous Sanctions Framework to Undergo Review
By Editors | 31/01/2023
The review will consider whether Australia’s Autonomous Sanctions Regulations and its associated instruments remain fit for purpose and how they can be made more efficient.
Sanctions
US Expands Sanctions Against Russia’s Wagner Group
By Editors | 30/01/2023
Russian mercenary organisation Wagner Group was re-designated as a foreign person that constitutes a “significant transnational criminal organisation”.
Big Picture
Digital Dollar Project Calls for US Leadership on CBDC Standard Setting
By Mark Johnston | 30/01/2023
The US’s cautious approach to CBDCs could negatively impact the domestic economy, threaten the dollar’s dominance and have implications for sanctions evasion.
Sanctions
West Imposes More Iran Sanctions in Response to Protest Handling
By Editors | 29/01/2023
Iran responded with sanctions against EU and UK individuals and entities. IAEA director general Rafael Grossi plans to visit Iran in February for “much needed” political dialogue.
AML / KYC
FinCEN Warns of Sanctions Evasion in Commercial Real Estate
By Editors | 29/01/2023
New FinCEN alert lists potential red flags and typologies involving attempted sanctions evasion in the CRE sector by sanctioned Russians and their proxies.
Crypto / Digital Assets
FBI Confirms DPRK Hackers Behind $100m Horizon Bridge Crypto Theft
By Editors | 29/01/2023
The FBI was able to freeze a portion of the stolen funds, in coordination with some virtual asset service providers.
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