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Sanctions
AML / KYC
Thai Banks Urged to Tighten Scrutiny of Myanmar Transactions
By Editors | 20/07/2024
Thai Foreign Minister told parliament that the government will meet with banks regarding their due diligence processes for Myanmar transactions.
Sanctions
OFAC Announces More Sanctions Targeting Houthi Funding
By Editors | 20/07/2024
The targets include individuals and companies based in Indonesia, Malaysia, Singapore, China, and the UAE, along with five vessels.
Sanctions
China, Russia Exploring New Ways to Address Payment Problems
By Editors | 19/07/2024
A Chinese official said financial institutions from the two countries are exploring the possibility of cooperating using the Mir payment system.
Enforcement
Switzerland Has Pursued 56 Cases Involving Russia Sanctions Violations
By Editors | 19/07/2024
Out of 56 administrative penal proceedings, 26 were dropped, 15 resulted in penalties, and the others remain under investigation.
Enforcement
US Jails Man for Shipping Microelectronics to Russia via Hong Kong
By Editors | 17/07/2024
Russian national Maxim Marchenko procured dual-use military grade microelectronics for Russian end users using Hong Kong-based shell companies.
Sanctions
EU Sanctions Five Israeli Individuals and Three Entities
By Editors | 17/07/2024
The sanctions were imposed under the EU’s Global Human Rights Sanctions Regime for human rights abuses against Palestinians.
Sanctions
Canada Issues Draft Amendments to AML/CFT Regulations
By Editors | 15/07/2024
The proposed amendments will require firms to report sanctioned property and suspected sanctions evasion offences, among other changes.
Enforcement
Japan Makes First Arrest for Russia Export Control Violation
By Editors | 15/07/2024
A Russian national operating a trading company in Osaka was arrested for illegally exporting restricted goods to Russia via South Korea.
Sanctions
Expert Calls for International Sanctions on Myanmar Central Bank
By Editors | 15/07/2024
Sean Turnell says sanctioning the CBM would effectively embargo Myanmar’s entire banking system and limit the SAC’s ability to oppress the Myanmar people.
Sanctions
Czech Republic Convicts Local Resident for Sanctions Violation
By Editors | 15/07/2024
A Czech national of Russian origin tried to export three luxury cars to Russia, which has been prohibited since March 2022.
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