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Sanctions
Sanctions
USD, EUR Banknotes Being Shipped to Russia Despite Sanctions – Report
By Editors | 14/08/2024
Russia has managed to circumvent sanctions blocking cash imports by arranging transport from countries including the UAE and Turkey.
AML / KYC
Bulgarian Man Extradited to US Over Illegal Exports to Russia
By Editors | 14/08/2024
Milan Dimitrov conspired with two others to use a Bulgarian company to receive export-controlled items from the US and transship them to Russia.
AML / KYC
US Fed Imposes Conditions on Customers Bank for AML Deficiencies
By Manesh Samtani | 12/08/2024
The Fed cited risk management deficiencies relating to an instant payments platform used to enable crypto firms to make around-the-clock US dollar payments.
Sanctions
JPMorgan Requests Dismissal of NY Lawsuit Against Russia’s VTB
By Editors | 12/08/2024
JPMorgan said it is seeking to dismiss the lawsuit “against its will” because it faces uncertain risks if it violates an injunction issued by a Russian court.
Sanctions
US Lawmakers Call for Sanctions on Bangladeshi Officials
By Editors | 12/08/2024
Six lawmakers are calling for sanctions on two Bangladeshi officials who were responsible for the use of “disproportionate, unlawful force” to suppress protesters.
Crypto / Digital Assets
NY Fed Assesses Effectiveness of Tornado Cash Sanctions
By Editors | 11/08/2024
The study found that non-cooperation with the Tornado Cash sanctions was not monetarily driven, but instead motivated by “philosophical reasons”.
Sanctions
US, UK, Canada Announce Coordinated Sanctions Against Belarus
By Editors | 11/08/2024
The sanctions mark the four-year anniversary of the 2020 presidential election in Belarus, which was widely regarded as fraudulent.
Enforcement
US Man Arrested for Facilitating DPRK Remote IT Worker Fraud
By Editors | 10/08/2024
DOJ said Matthew Isaac Knoot enabled North Korean IT workers to work for US and UK companies from locations in China, and laundered money for them.
Sanctions
Russia, China Working on Regulations to Facilitate Barter Trade – Reports
By Editors | 10/08/2024
New regulatory arrangements being put in place are expected to enable barter deals between Russia and China involving agriculture “as soon as this autumn”.
AML / KYC
US, Germany Take Down Illicit Crypto Platform Cryptonator
By Editors | 08/08/2024
Cryptonator facilitated transactions worth USD 1.4 billion, including those linked to sanctioned entities and criminal marketplaces.
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