Sanctions

AML / KYC

OFAC Blocks Secondary Market Trading in Russian Debt, Equity

By Editors | 12/06/2022

To date, only the purchase of new issues has been prohibited, and trading in secondary markets has still been allowed.

Crypto / Digital Assets

NYDFS Issues Regulatory Guidance for Stablecoin Issuers

By Editors | 09/06/2022

The guidance outlines criteria specifically addressing stablecoin redeemability, asset reserve requirements, and independent audit requirements.

AML / KYC

DOJ Calls for Stronger International Cooperation on Crypto Crime

By Editors | 08/06/2022

The paper says the US should help foreign nations develop the tools, technical expertise, and infrastructure necessary to conduct complex crypto-related investigations.

Crypto / Digital Assets

US Senators Propose Regulatory Framework for Crypto Assets

By Manesh Samtani | 08/06/2022

The CFTC would be granted authority over crypto spot markets, based on the understanding that “most digital assets are more similar to commodities than securities”.

AML / KYC

US to Seek New UN Sanctions if DPRK Tests Nuclear Weapon

By Editors | 03/06/2022

The US tried to impose new UN sanctions on North Korea last week but the resolution was vetoed by China and Russia.

AML / KYC

US Issues New Russia Sanctions, EU Approves 6th Package

By Editors | 02/06/2022

The US is targeting more Russian government and business officials and technology. The EU approved an embargo on seaborne oil imports.

AML / KYC

EU Leaders Agree to Ban 90pc of Russian Oil by Year-end

By Manesh Samtani | 01/06/2022

The EU’s sixth package of sanctions will also include the removal of three more banks from the SWIFT network and asset freezes against more Russian individuals.

AML / KYC

US Treasury Puts Russia on Path to Sovereign Default

By Manesh Samtani | 27/05/2022

The US Treasury Department allowed its sanctions exemption for Russian payments to US bondholders to expire.

AML / KYC

US Federal Court Declares Crypto Subject to Sanctions Laws

By Mark Johnston | 20/05/2022

A newly unsealed federal court opinion supports the DOJ’s first criminal prosecution involving the use of crypto for sanctions evasion.