ADVERTISEMENT
Sanctions
Sanctions
EBA Proposes New Reporting Requirements for Payments Firms
By Editors | 04/08/2024
PSPs would have to report on the share of instant transfers, both domestic and cross-border, that were rejected due to the application of sanctions.
Sanctions
OFAC Sanctions More Houthi Procurement Facilitators
By Editors | 02/08/2024
The sanctions target “key actors” located in China, Hong Kong, and Yemen who have “directly supported” the Houthis’ weapons procurement efforts.
Sanctions
China Adjust Export Controls for Drones and Related Tech
By Editors | 02/08/2024
The measures explicitly ban the export of all civilian drones that are intended for “non-peaceful purposes” such as terrorist and military activities.
Crypto / Digital Assets
Russia Advances Bill to Enable Cross-border Payments in Crypto
By Editors | 01/08/2024
The law is expected to take effect on 1 September, formally allowing the use of crypto in payments for international trade transactions.
Sanctions
Austria’s Raiffeisen Working to Sell 60pc of Russian Unit
By Editors | 31/07/2024
Raiffeisen is trying to coordinate with Russian, European and US authorities to sell a 60% stake in its Russian unit.
Sanctions
OFAC Targets Iran Weapons Programmes With New Sanctions
By Editors | 31/07/2024
The sanctions cover two procurement networks that help Iran obtain components for weapons systems, including Hong Kong and China-based targets.
Enforcement
UK Secures First Forfeiture from Sanctions Evasion Case
By Editors | 30/07/2024
Around $1mn was forfeited after being frozen since 2022. The funds were held by the wife of Petr Aven, a sanctioned Russian oilgarch.
AML / KYC
US Treasury Launches Amazon Initiative to Combat Nature Crimes
By Nithya Subramanian | 30/07/2024
The initiative will enable authorities in Amazon Basin countries to pursue money laundering investigations against illicit actors involved in nature crimes.
AML / KYC
A Whole New World for the Financial Action Task Force?
By Fatima Alsancak | 29/07/2024
With the next round of country assessments starting, the new FATF President has a lot of work to do over the next two years.
Sanctions
RUSI Publishes Findings from 1st Meeting of New Sanctions Taskforce
By Manesh Samtani | 29/07/2024
The taskforce participants identified several deficiencies that undermine the effectiveness of UK sanctions and “require government attention”.
JOIN OUR NEWSLETTER
A daily selection of top stories from the Regulation Asia editorial team