Sanctions

Sanctions

FinCEN Issues New Alert on Countering Hezbollah Activities

By Editors | 24/10/2024

The alert builds on a May advisory on Iran-backed terrorist groups and sets out indicators to assist FIs in identifying and reporting activity involving Hezbollah.

Sanctions

Chinese Drone-maker Files Suit Seeking Removal from US Blacklist

By Editors | 21/10/2024

DJI says its designation as a “Chinese military company” is wrong and has caused the company significant financial harm.

Sanctions

Switzerland Adopts More Measures from EU’s 14th Russia Package

By Editors | 21/10/2024

Switzerland will not adopt the EU text that requires companies to prevent circumvention via their subsidiaries “to the best of their ability”.

AML / KYC

FATF Due to Consider Adding Russia to Blacklist – Reports

By Editors | 21/10/2024

Ukraine is calling on the FATF to blacklist Russia, citing its close financial and military cooperation with UN-sanctioned North Korea and Iran.

Sanctions

OFAC Issues Sanctions Over China-Russia Drone Project

By Editors | 21/10/2024

These are the first sanctions imposed on China-based entities for “directly developing and producing complete weapons systems in partnership with Russian firms”.

Sanctions

China Issues New Export Control Regulations for Dual-use Items

By Editors | 20/10/2024

The regulations establish a licensing system for the export of dual use items and create a list of restricted goods.

Sanctions

OFAC Sanctions More Entities, Vessels Linked to Houthi Financing

By Editors | 20/10/2024

The sanctions target vessels that illicitly transport Iranian oil and companies and captains that managed and operated the vessels, including two Indian nationals.

Sanctions

UK Sanctions Another 22 Russian Shadow Fleet Vessels

By Editors | 18/10/2024

The UK also sanctioned Russian gas company Rusgazdobycha JSC, to ratchet up pressure on the Russian gas industry.

Enforcement

OFAC Fines Beverage Company for Violating DPRK Sanctions

By Editors | 18/10/2024

Vietnam Beverage Company Limited subsidiaries sold beer and spirits to North Korea, with the payments processed through US correspondent banks.