Sanctions

Enforcement

US Warns Countries Against Allowing Russian Banks to Set Up Branches

By Editors | 26/08/2024

Deputy Treasury Secretary Wally Adeyemo said the US will go after the branches as well as other entities and companies that work with them.

Sanctions

US Announces New Russia Sanctions Against Nearly 400 Targets

By Editors | 26/08/2024

The targets include individuals and entities from across 16 jurisdictions, including China, Hong Kong, Switzerland and the UAE.

Sanctions

US DOJ Secures Guilty Plea in Venezuela Sanctions Evasion Case

By Editors | 25/08/2024

The DOJ said George Semerene Quintero lied to US suppliers and created false documents as part of a scheme to evade US sanctions and export controls.

AML / KYC

Most Kyrgyz Banks Have Suspended Money Transfers to Russia

By Editors | 25/08/2024

13 of 16 Kyrgyz banks have halted transfers to Russian lenders via their mobile apps. The central bank said this is to “prevent the negative impact of international sanctions”.

Sanctions

OFAC Issues Update on Infrastructure Modernisation Initiatives

By Editors | 22/08/2024

OFAC has released updated FAQs to make sanctions compliance easier and launched a new online platform for the public to submit queries.

Enforcement

Latvia Extradites Citizen to Face US Charges for Russian Exports

By Editors | 22/08/2024

Oleg Chistyakov conspired with two US nationals to sell sophisticated avionics equipment to Russian companies, in violation of sanctions.

Sanctions

US Sanctions Former Haitian President for Drug Trafficking

By Editors | 21/08/2024

OFAC said Michel Joseph Martelly facilitated the trafficking of dangerous drugs, laundered illicit drug proceeds, and sponsored criminal gangs.

Sanctions

Shanghai Chip Equipment Firm Sues for Removal from US Blacklist

By Editors | 20/08/2024

AMEC said it has never been involved in any military-related activities and its inclusion in the US blacklist was without legal basis.

AML / KYC

Lithuania Intensifying Crackdown on Sanctions Evasion Activities

By Editors | 19/08/2024

Over 50 investigations relating to sanctions breaches have been opened in Lithuania. Rulings in several cases have already been issued.