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Sanctions
Sanctions
China Payments Becoming Increasingly Difficult for Russia
By Editors | 02/09/2024
Chinese banks are returning payments for goods already shipped; Chinese exporters asking for pre-payments; UAE banks rejecting payments for Russia-China trade.
Sanctions
US Sanctions Israeli NGO and Civilian Security Officer
By Editors | 29/08/2024
The NGO and security officer were sanctioned for providing support to sanctioned Israeli settlers in the West Bank.
Sanctions
Russia Set to Start Testing Crypto in International Payments
By Editors | 29/08/2024
The trials will commence in September. If successful, Russia may allow the Moscow Exchange to set up crypto platforms next year.
Sanctions
Google Sues to Prevent Further Asset Seizures by Russia
By Editors | 28/08/2024
Court documents have revealed that Russia seized more than $100mn from Google’s Russian bank accounts in 2022.
Enforcement
US Warns Countries Against Allowing Russian Banks to Set Up Branches
By Editors | 26/08/2024
Deputy Treasury Secretary Wally Adeyemo said the US will go after the branches as well as other entities and companies that work with them.
Sanctions
US Announces New Russia Sanctions Against Nearly 400 Targets
By Editors | 26/08/2024
The targets include individuals and entities from across 16 jurisdictions, including China, Hong Kong, Switzerland and the UAE.
Sanctions
US DOJ Secures Guilty Plea in Venezuela Sanctions Evasion Case
By Editors | 25/08/2024
The DOJ said George Semerene Quintero lied to US suppliers and created false documents as part of a scheme to evade US sanctions and export controls.
AML / KYC
Most Kyrgyz Banks Have Suspended Money Transfers to Russia
By Editors | 25/08/2024
13 of 16 Kyrgyz banks have halted transfers to Russian lenders via their mobile apps. The central bank said this is to “prevent the negative impact of international sanctions”.
Sanctions
OFAC Issues Update on Infrastructure Modernisation Initiatives
By Editors | 22/08/2024
OFAC has released updated FAQs to make sanctions compliance easier and launched a new online platform for the public to submit queries.
Enforcement
Latvia Extradites Citizen to Face US Charges for Russian Exports
By Editors | 22/08/2024
Oleg Chistyakov conspired with two US nationals to sell sophisticated avionics equipment to Russian companies, in violation of sanctions.
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