Sanctions

Sanctions

UK to Strengthen Sanctions Regime to Target Iran

By Editors | 09/07/2023

The move is a response to “more than 15 credible threats” by the Iranian regime to “kill or kidnap British or UK-based individuals”.

Sanctions

US to Restrict Chinese Access to Cloud Computing Services – Report

By Editors | 05/07/2023

Cloud providers like AWS and Microsoft Azure would have to seek government permission to serve Chinese firms that use such platforms to train AI models.

Sanctions

China to Impose Export Controls on Key Chipmaking Metals

By Sanday Chongo Kabange | 04/07/2023

China says the imposition of export curbs on gallium and germanium is to safeguard national security and interests.

Sanctions

China Expands Foreign Relations Toolbox with New Law

By Editors | 30/06/2023

The new law authorises China’s government to apply “countermeasures” against threats to national and economic security.

Sanctions

South Korea Sanctions Former Citizen for Over DRPK Deals

By Editors | 29/06/2023

Choi Chon Gon and a North Korean accomplice set up business entities to bypass UN Security Council resolutions against North Korea.

Sanctions

OFAC, OFSI Issue Sanctions Guidance on Humanitarian Assistance

By Editors | 28/06/2023

The guidance provides clarity on authorisations available for humanitarian, agricultural and medical support provided to regions impacted by Russia’s war in Ukraine.

AML / KYC

Russia Identified as “High Risk” Jurisdiction in New Report

By Manesh Samtani | 27/06/2023

AML think tank Themis says the threat Russia poses to the integrity of the global financial system has been increasing.

Crypto / Digital Assets

BSP Urged to Take Action Against Unregistered Crypto Exchanges

By Mark Johnston | 26/06/2023

Infrawatch PH says exhibiting leniency toward unregistered crypto exchanges risks the Philippines remaining on the FATF gray list.

AML / KYC

FATF Plenary: Cameroon, Croatia and Vietnam Added to Grey List

By Manesh Samtani | 26/06/2023

The FATF will publish on 27 June its fourth update on the implementation of the recommendations on virtual assets and VASPs.