Sanctions

Sanctions

EU Imposes New Russian Sanctions Targeting ‘Information Manipulation’

By Editors | 31/07/2023

Seven Russian individuals and five entities were sanctioned for conducting a digital information manipulation campaign.

Sanctions

Helsinki Commission Calls for Sanctions Against Swiss Nationals

By Editors | 31/07/2023

Three Swiss nationals allegedly received bribes to release frozen funds linked to Russian officials implicated in the 2009 murder of Sergei Magnitsky.

AML / KYC

US Agencies Call on Firms to Self-Disclose Sanctions Violations

By Editors | 27/07/2023

Self-reporting of sanctions and export controls violations make companies potentially eligible for “significant mitigation”.

AML / KYC

Germany to Establish New Financial Intelligence Bureau

By Editors | 26/07/2023

The new Federal Bureau of Financial Intelligence will introduce a new investigations procedure and offer specialised AML training courses.

Sanctions

EU Imposes Seventh Round of Sanctions on Myanmar

By Editors | 25/07/2023

The EU imposed sanctions on six individuals and one entity for “continuing escalation of violence” and human rights violations.

Crypto / Digital Assets

Russian President Signs CBDC Bill Into Law

By Manesh Samtani | 24/07/2023

The central bank will begin piloting a digital ruble in August, with 13 banks and about 30 enterprises from 11 cities participating.

Sanctions

Western Allies Announce New Sanctions to Deter Russia

By Manesh Samtani | 21/07/2023

US sanctions include Russian metal producers and financial institutions. Canada targeted Russia’s military-industrial complex. UK, Australia and EU also have new targets.

AML / KYC

US Fed Fines Deutsche Bank for Slow Remediation of AML Deficiencies

By Editors | 20/07/2023

The Fed Board said Deutsche Bank made “insufficient remedial progress” under 2015 and 2017 consent orders and still has deficient AML internal controls and governance processes.

AML / KYC

EU Commission Takes Action Against Cyprus for 5AMLD Implementation Failures

By Editors | 18/07/2023

The European Commission says it has identified multiple instances of incorrect transposition of 5AMLD, despite Cyprus declaring full compliance with the directive.