Sanctions

Sanctions

Russia to Enact Legislation Allowing it to Seize Western Assets

By Editors | 16/06/2023

The legislation would enable the Russian government to appropriate the assets of Western companies at significant discounts.

Enforcement

Bittrex Gets Court Approval to Allow Customer Withdrawals

By Mark Johnston | 14/06/2023

The DOJ had argued that allowing customer withdrawals would subordinate a government claim, but the court ruled in favour of Bittrex.

Sanctions

China Military Pilot Training Targeted by US Export Controls

By Mark Johnston | 14/06/2023

US Commerce Department’s Bureau of Industry and Security added 43 entities to its Entity List for aiding China’s military modernisation programmes.

AML / KYC

Sanctions Enforcement Not a ‘Credible Threat’: RUSI Roundtable

By Manesh Samtani | 12/06/2023

Roundtable participants said lessons should be learnt from the significant penalties that drove banks to observe the Iran sanctions regimes.

Sanctions

EU Council Seeks to Criminalise Sanctions Circumvention

By Editors | 10/06/2023

EU member states would be obligated to criminalise sanctions circumvention, including activities to help bypass an EU travel ban or trade in sanctioned goods.

AML / KYC

Ukraine Calls on FATF to Add Russia to Blacklist

By Manesh Samtani | 09/06/2023

Ukraine says Russia has engaged in money laundering, sanctions evasion, terrorism financing, human trafficking, proliferation financing, and cyber-attacks.

Sanctions

OFAC Sanctions Chinese and HK Firms in Iranian Procurement Network

By Editors | 07/06/2023

The sanctions came the same day Iran unveiled its first hypersonic ballistic missile, which cannot be detected and tracked by existing sensor systems.

Crypto / Digital Assets

Russia Drops Plan to Establish National Crypto Exchange

By Mark Johnston | 06/06/2023

The country now plans to create rules that will enable multiple crypto trading platforms to be established and conduct cross-border transactions.

Sanctions

OFAC Sanctions Russian Intelligence Actors Who Targeted Moldova

By Editors | 06/06/2023

OFAC said the sanctioned actors provided protest training, logistical support or financial support as part of a Russian plot to capitalise on protests in Moldova.