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Sanctions
Sanctions
US Sanctions Iraqi Bank for Enabling Iran-backed Terrorist Activity
By Editors | 29/01/2024
US Treasury cut off Al-Huda Bank from the US financial system and sanctioned its owner for serving as a conduit for terrorist financing.
Sanctions
UK Warns of Sanctions Evasion Through Art Storage Sector
By Editors | 29/01/2024
Art market participants should have the ability to conduct regular due diligence checks and identify any change in a client’s circumstances or suspicious activity.
Sanctions
Taiwan Machine-making Tools Still Ending Up in Russia – Reports
By Editors | 29/01/2024
While direct exports have stopped, Taiwanese machine-making tools have still been ending up in Russia via third countries, particularly China and Turkey.
Sanctions
US, UK Announce Sanctions on Four Houthi Officials
By Editors | 26/01/2024
Four officials were sanctions for attacks on ships that “threaten to disrupt international supply chains and the freedom of navigation”.
Sanctions
US Senate Committee Approves REPO for Ukrainians Act
By Manesh Samtani | 25/01/2024
If the legislation gets signed into law, it would pave the way for the US to confiscate Russian assets. However, the EU is unlikely to do the same.
Sanctions
US, UK Join Australia in Sanctioning Russian Cyber Attacker
By Mark Johnston | 24/01/2024
The US and UK took action “in solidarity with Australia” because of the similar risk Aleksandr Ermakov presents to both countries.
Sanctions
Australia Announces First Use of Cyber Sanctions Powers
By Editors | 23/01/2024
Australia imposed sanctions against Russian national Aleksandr Ermakov, who was linked to the 2022 Medibank breach.
Sanctions
US, UK, Australia Announce New Round of Hamas Sanctions
By Editors | 23/01/2024
OFAC said the sanctions target Hamas, its financiers, and its international financial infrastructure, including crypto transfers.
Sanctions
EU Discusses 13th Sanctions Package for Russia – Report
By Editors | 22/01/2024
The package could include further listings, more trade restrictions. and cracking down on Russia’s ability to circumvent sanctions via third countries.
Enforcement
US Regulators Fine ICBC New York Branch for Regulatory Violations
By Editors | 22/01/2024
ICBC disclosed confidential supervisory information without regulatory approval and had deficiencies in its BSA/AML compliance programme.
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