Sanctions

Enforcement

US Authorities Charge 14 Over DRPK IT Workers Scheme

By Editors | 12/12/2024

US employers unwittingly employed 14 North Korean IT workers for years and paid them hundreds of thousands of dollars in salary.

Sanctions

US Disburses $20bn Portion of G7 Loan to Support Ukraine

By Editors | 12/12/2024

The funds, part of the $50bn G7 loan package, will be repaid with earnings from the  Russian assets frozen by sanctions in Europe.

Sanctions

UK to Help Cyprus Establish Sanctions Implementation Unit

By Editors | 12/12/2024

That new unit will have new analytical tools and powers to investigate sanctions evasion and ensure the effectiveness of Russia-related sanctions.

Crypto / Digital Assets

Iran, Russia to Soon Formalise Anti-Sanctions Alliance – Reports

By Editors | 11/12/2024

Both Iran and Russia are also planning to allow the use of cryptocurrencies as a way to circumvent Western sanctions.

Sanctions

China Launches Antitrust Probe into US Chip Giant Nvidia

By Editors | 11/12/2024

The probe is seen as a geopolitical rather than a regulatory or legal action, in retaliation against the US’ latest curbs on China’s chip sector.

Sanctions

OFAC Sanctions Chinese Cybersecurity Company and Employee

By Editors | 11/12/2024

OFAC said the employee was responsible for deploying malware to 81,000 firewalls owned by thousands of businesses worldwide in April 2020.

Sanctions

Canada Sanctions Chinese, Russian Officials for Human Rights Abuses

By Editors | 11/12/2024

The sanctions were announced to mark International Human Rights Day. China said the sanctions violate international law.

Sanctions

UK, US Issue Sanctions for Illicit Gold Trading, Human Rights Abuses

By Editors | 10/12/2024

The dozens of sanctions targets include a British-Kenyan businessman who ran a global gold smuggling and money laundering network in Zimbabwe.

Sanctions

DBS Expands Team Handling Russian Wealth Assets – Report

By Editors | 07/12/2024

DBS said every client is treated on his or her own merits and that the bank does not deal with sanctioned individuals.