Sanctions

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.

Sanctions

US Commerce Dept Fines Chipmaker Over Shipments to China

By Editors | 04/11/2024

The chipmaker shipped semiconductor wafers to a Chinese firm on the Entity List without a licence, due to a data entry error that impacted its transaction screening system.

Sanctions

BIS Announces Decision to Exit mBridge CBDC Project

By Editors | 03/11/2024

Agustín Carstens said BIS is not leaving mBridge because of political considerations but instead because it is “at a level where the partners can carry it on by themselves.”

Sanctions

OFAC Issues New Sanctions Compliance Guidance for Maritime Industry

By Editors | 03/11/2024

The guidance describes five scenarios indicative of sanctions evasion and offers recommendations for maritime sector stakeholders.

Enforcement

Google’s Russia Fines Have Grown to Over $20 Decillion

By Editors | 02/11/2024

A Russian court imposed a daily penalty that had been doubling weekly against Google for blocking the YouTube accounts of Russian broadcasters.

Sanctions

US Targets Almost 400 Entities in Latest Russia Sanctions Package

By Editors | 01/11/2024

The action targets individuals and entities across 17 jurisdictions, including India, China, Switzerland, Malaysia, Thailand, Singapore, and the UK.

Sanctions

Australia Completes Review of Autonomous Sanctions Framework

By Editors | 31/10/2024

Most submissions to the review supported proposals to streamline the legal framework, improve the permit application process, and legislate a humanitarian exemption.