Sanctions

AML / KYC

US Concerned India is Routing Russian Oil to New York

By Editors | 22/08/2022

An Indian vessel picked up oil from a Russian tanker at sea, then brought it to an Indian port to be refined and shipped on to New York.

Sanctions

LME Bans Russian Nickel From UK Warehouse Facilities

By Editors | 18/08/2022

Higher duties on Russian metals imposed as part of a sanctions package have now been extended to nickel.

AML / KYC

China Sanctions Taiwanese Politicians Over Official US Visit

By Editors | 17/08/2022

China’s sanctions targets include Taiwan’s de facto ambassador to the US, five lawmakers and an activist.

AML / KYC

Moscow Reopens Bond Market to ‘Friendly’ Nations

By Manesh Samtani | 17/08/2022

Investors from “unfriendly” countries remain subject to capital controls banning them from selling or collecting payments on Russian securities.

AML / KYC

Three Associated with Tornado Cash Allegedly Arrested

By Manesh Samtani | 16/08/2022

Dutch authorities arrested a software developer of crypto mixer Tornado Cash last week. Two others were reportedly arrested in the US and Estonia.

AML / KYC

Former BitMEX Exec to Pay Fine for Violating AML Law

By Editors | 11/08/2022

The US Attorney previously secured judgments against the firm’s three co-founders for violating US derivatives laws and AML rules.

AML / KYC

Iran Makes First Import Order Using Crypto – Report

By Editors | 10/08/2022

By end September, the use of cryptocurrencies and smart contracts will be widely used in foreign trade with target countries, an Iranian official said.

AML / KYC

OFAC Sanctions Crypto Mixing Service Tornado Cash

By Manesh Samtani | 09/08/2022

The US Treasury Department says Tornado Cash has been used to launder over USD 7 billion worth of crypto since it was created in 2019.

AML / KYC

Russia Bars Asset Sales by Investors from Unfriendly Nations

By Editors | 09/08/2022

A presidential decree prevents investors from so-called unfriendly countries from selling their stakes in banks, strategic entities, and other projects.