Sanctions

AML / KYC

Japan to Tighten Russia Sanctions, G7 Rejects Ruble Option

By Manesh Samtani | 30/03/2022

Japan to impose new requirements on crypto exchanges. G7 rejects Russian demand for gas payments in rubles. US to help EU reduce dependence on Russian energy.

AML / KYC

US Lawmakers Probe Credit Suisse Russia Business

By Editors | 30/03/2022

The lawmakers are concerned that Credit Suisse may be concealing information about sanctions evasion by Russian oligarchs.

Sanctions

New Manager Announced for Hong Kong Tracker Fund

By Manesh Samtani | 29/03/2022

Hang Seng Investment Management will become TraHK’s new manager in Q3 2022, replacing State Street, which has managed the ETF for 22 years.

AML / KYC

US, Australia Impose Sanctions Over DPRK Missile Tests

By Manesh Samtani | 28/03/2022

The sanctions were imposed against Russian and North Korean entities and individuals over missile tests on 27 February, 5 March and 24 March.

AML / KYC

US Imposes Fresh Russia Sanctions, G7 Pledges to Block Gold Trades

By Manesh Samtani | 25/03/2022

The G7 and EU will prohibit gold-related transactions involving Russia and ramp up monitoring and information sharing to prevent Russian sanctions evasion.

AML / KYC

Russia Promises to Contain Economic Fallout from Sanctions

By Manesh Samtani | 21/03/2022

Australia bans alumina exports to Russia. India is working on a rupee-ruble trade arrangement that would allow it to continue buying Russian energy.

Sanctions

State Street to Be Dismissed as Manager of HK Tracker Fund

By Editors | 21/03/2022

Hong Kong’s government commenced a review last year to assess State Street’s role as the manager of TraHK, the city’s largest and most-popular ETF.

AML / KYC

NZ Regulators Issue Guidance on Russia Sanctions Compliance

By Manesh Samtani | 19/03/2022

The guidance highlights the need for reporting entities to conduct due diligence to understand who has effective control or beneficial ownership of legal structures.

AML / KYC

US Omnibus Bill Grants FinCEN 27pc Budget Increase

By Mark Johnston | 18/03/2022

The additional budget is to allow FinCEN to respond to the situation in Ukraine, including expenses foreign government personnel to attend meetings and training.