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.

    AML / KYC

    UK OFSI Has Frozen Over $21b of Russian Linked Assets

    By Editors | 13/11/2022

    Russia has overtaken Libya and Iran to become the UK’s most-sanctioned nation, the OFSI said in its annual review.

    AML / KYC

    LME Decides Against Banning Russian Metals from Warehouses

    By Editors | 13/11/2022

    The LME received feedback that a “material portion” of the market is still planning to buy Russian metal in 2023.

    AML / KYC

    BSP Proposes Draft Regulations on TFS Implementation

    By Editors | 10/11/2022

    The amendments target terrorist and proliferation financing and are aimed at helping the Philippines secure its removal from the FATF grey list.

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