Sanctions

Sanctions

EU Parliament Calls for Tougher Sanctions on Russian ‘Ghost Fleet’

By Editors | 18/11/2024

The sanctions will target “all individual vessels as well as their owners, operators, managers, accounts, banks and insurance companies”.

AML / KYC

OFAC Probes UBS for Russia Risk from Credit Suisse Takeover

By Editors | 13/11/2024

OFAC is reportedly seeking information from UBS about the Russian clients the bank took on when it bought Credit Suisse in March 2023.

Sanctions

Russia, Iran Implement First Phase of Payment System Linkage

By Editors | 13/11/2024

Travellers from Iran can now use riyal balances on their Shetab debit cards at ATMs in Russia to withdraw rubles.

Capital / Liquidity

ECB May Impose Capital Charge on Banks With Excess Russia Exposure

By Editors | 11/11/2024

The ECB is considering adjusting capital requirements for Raiffeisen Bank International and UniCredit to account for Russia-related risks.

Sanctions

Sanctions Landscape Expected to Shift Under Trump Presidency

By Manesh Samtani | 11/11/2024

President-elect Donald Trump is expected to take a stronger stance against Iran, and to try to use sanctions to negotiate an end to the Russia-Ukraine war.

Sanctions

INTERPOL Publishes Update on How it Handles Sanctions Cases

By Editors | 10/11/2024

In its updated Repository of Practice document, INTERPOL explains how it handles requests for international police cooperation in cases involving sanctions violations.

Sanctions

UK Announces 56 Targets in New Russia Sanctions Package

By Editors | 09/11/2024

The targets in the UK’s largest sanctions package in 18 months include entities in China, Hong Kong, Türkiye, Central Asia, and Estonia.

Sanctions

US DOJ Charges Freight Forwarder for Evasion of Russia Export Controls

By Editors | 09/11/2024

Eleview International and two senior executives transshipped dual-use and other “high priority” items to Russia via Turkey, Finland, and Kazakhstan.

AML / KYC

Singapore Publishes Proliferation Financing NRA and CPF Strategy

By Manesh Samtani | 07/11/2024

The document describes the PF risks Singapore faces, as well as its regulatory framework, risk mitigation measures, and national strategy to combat PF risks.