Sanctions

Enforcement

US Fines Seagate Over Hard Drive Shipments to Huawei

By Sanday Chongo Kabange | 24/04/2023

Seagate was fined $300mn, the largest standalone administrative penalty in BIS history, for shipping hard drives to Huawei in violation of US export controls.

Sanctions

UK Sanctions Russians Over ‘Politically-motivated Conviction’

By Editors | 21/04/2023

The sanctions target two FSB agents who were allegedly involved in poisoning political activist Vladimir Kara-Murza, as well as a judge and two investigators.

Sanctions

Lack of Vessel Ownership Data an Indicator of High Risk

By Manesh Samtani | 20/04/2023

69.2% of vessels with unknown beneficial owners have engaged in risky or sanction-violating behaviour, report finds.

Sanctions

G7 Says Switzerland Is Not Doing Enough to Combat Sanctions Evasion

By Editors | 17/04/2023

Switzerland, though officially neutral, has frozen Russian assets worth about a third of the EUR 21.5 billion frozen across the EU.

Sanctions

US Commerce Dept Adds 12 Chinese Entities to Entity List

By Editors | 15/04/2023

The entities allegedly acquired or attempted to acquire US-origin items in support of Russia’s military effort.

AML / KYC

OFAC Sanctions Chinese Entities in Fentanyl Supply Chain

By Editors | 14/04/2023

The Chinese individuals and companies were allegedly involved in supplying drug cartels with ingredients to make opioids for sale in the US.

Sanctions

US, UK Announce Coordinated Sanctions Targeting Russia Facilitators

By Editors | 13/04/2023

US sanctions include International Investment Bank, a Russia-controlled financial institution in Hungary, and three of its current and former executives.

Sanctions

China Sanctions US Organisations over Taiwan Presidential Visit

By Editors | 11/04/2023

China sanctioned the Ronald Reagan Presidential Library and US think tank Hudson Institute for hosting Taiwan President Tsai Ing-wen last week.

Enforcement

US Authorities Fine Microsoft for Export Control, Sanctions Breaches

By Manesh Samtani | 09/04/2023

Microsoft’s Russia-based employees ordered software licenses in the names of parties not on the Entity List, to be used by designated persons.