Sanctions

Sanctions

US Official Warns of Sanctions Over India-Iran Port Deal

By Manesh Samtani | 15/05/2024

US State Department’s Vedant Patel said any business deals with Iran could be subject to the potential risk of sanctions.

Sanctions

Australia Issues New Sanctions Over “Iran’s Destabilising Behaviour”

By Editors | 15/05/2024

Five individuals and three entities were targeted, including senior officials who contribute to Iran’s missile and drone programmes.

Sanctions

OFAC Sanctions Four Targets Over Sanctions Evasion Scheme

By Editors | 15/05/2024

The targets were involved in a scheme to disguise the ownership of shares to facilitate divestment by a sanctioned Russian oligarch.

Crypto / Digital Assets

US Orders Chinese-owned Crypto Miner to Sell Land

By Editors | 14/05/2024

Presidential order says MineOne Partners did not notify CFIUS before buying land next to an Air Force base.

AML / KYC

NZ Updates AML Guidance on Russia Sanctions

By Sanday Chongo Kabange | 14/05/2024

AML/CFT reporting entities that are duty holders under the Russia Sanctions Act must notify customers of asset freezes or blocked transactions.

Sanctions

Canada Imposes More Sanctions Over October Hamas Attacks

By Editors | 12/05/2024

The four sanctioned individuals were designated by the US in the weeks following Hamas’ attack on Israel.

Sanctions

New Zealand Asked to Expand Myanmar Sanctions

By Editors | 11/05/2024

Company records show that New Zealanders have ties to mining companies which benefit the military junta.

AML / KYC

Australia Publishes Sanctions Advisory for Crypto Exchanges

By Nithya Subramanian | 10/05/2024

Digital currency exchanges should take “reasonable precautions” and exercise due diligence to prevent sanctions evasion.

Sanctions

EU Ambassadors Agree on Use of Frozen Russian Assets

By Editors | 10/05/2024

90% of the interest generated from the frozen Russian state assets will be used for military aid for Ukraine.