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Sanctions
Sanctions
Japan Foreign Ministry Announces New Russia Sanctions
By Editors | 22/06/2024
The new measures include a prohibition on exports to 14 entities based in Russia, as well as companies based in China, Hong Kong, India, Kazakhstan and Uzbekistan.
Sanctions
EU Ambassadors Agree on 14th Russia Sanctions Package
By Editors | 22/06/2024
The package includes sanctions on Russia’s LNG sector, the SPFS financial messaging system, and entities in third countries that allegedly helped Russia.
Sanctions
OFAC Sanctions 12 Execs of Cybersecurity Firm Kaspersky Lab
By Editors | 22/06/2024
Kaspersky products, services, and software updates will also be banned in the US starting from 29 September due to the company’s Russian ties.
AML / KYC
Myanmar Junta Targets Privately Owned Yoma Bank and CEO
By Editors | 22/06/2024
Yoma Bank and its CEO are being investigated by the military junta for transferring assets to Thailand and offering financing for overseas real estate purchases.
AML / KYC
FinCEN Issues Advisory to Aid Detection of Fentanyl Trafficking
By Editors | 21/06/2024
The advisory says FIs should look out for counterparties that are chemical or pharmaceutical companies in China, Hong Kong, or other jurisdictions, especially if they use shared addresses.
Sanctions
Canada Designates Iran’s IRGC as Terrorist Organisation
By Editors | 20/06/2024
The designation means Canadian FIs are required to immediately freeze the property of the IRGC, and it is a criminal offence for Canadians to support the group.
Sanctions
Canada Imposes More Sanctions Over Alexei Navalny’s Death
By Editors | 19/06/2024
This is Canada’s 5th package of sanctions imposed in response to the poisoning, imprisonment and death of Russian opposition leader Alexei Navalny.
Sanctions
Sanctioned Russian Billionaire Files Lawsuit Against UBS – Reports
By Editors | 19/06/2024
Alisher Usmanov claims that STRs filed by UBS were “unsubstantiated, if not knowingly false” and triggered an illegal criminal investigation against him.
Sanctions
OFAC Sanctions Targets Linked to Houthi Weapons Procurement
By Editors | 18/06/2024
OFAC designated three companies in China; entities in Hong Kong, UAE and Oman; three individuals; and a vessel.
Sanctions
G7 Leaders Issue Joint Sanctions Warning Against China
By Editors | 17/06/2024
The G7 vowed to take measures against actors in China that materially support Russia’s “war machine”, including FIs.
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