SANCTIONS

AML / KYC

Australian Sanctions Office Issues Statement to Clarify its Role

By Thisanka Siripala | 23/06/2025

AUSTRAC’s remit moving forward will include ensuring regulated entities have policies in place to comply with targeted financial sanctions obligations.

Sanctions

New US Sanctions Target Iran Defence Procurement, Houthi Oil Smuggling

By Manesh Samtani | 22/06/2025

The sanctions target entities in Iran, China, Singapore, Hong Kong and Turkiye for supporting the procurement of sensitive machinery for Iran’s defence industry.

AML / KYC

FATF Calls for Stronger Global Response to Proliferation Financing Risks

By Manesh Samtani | 22/06/2025

New FATF report calls for global action to prevent the misuse of financial channels, including crypto, to bypass UN sanctions and fund weapons programmes.

Sanctions

UK’s OFSI Warns Art and High Value Dealers of Sanctions Risks

By Nithya Subramanian | 20/06/2025

OFSI says it is “highly likely” that many high-value assets held in the UK by sanctioned persons have not yet been reported by art market participants and high-value dealers.

Sanctions

New Zealand Expands Sanctions Net to Russia’s ‘Shadow Fleet’

By Editors | 20/06/2025

New Zealand broadens Russia sanctions to target ‘shadow fleet’ along with individuals and entities in North Korea, Iran, and Belarus.

Sanctions

Australia, UK, EU and Canada Tighten Sanctions on Russia

By Manesh Samtani | 18/06/2025

The allies are targeting Russia’s energy revenues and sanctions evasion, while the US resists further action.

Sanctions

Taiwan Bans Chip Exports to Huawei, SMIC and Other Entities

By Mark Johnston | 18/06/2025

In total, 601 entities “involved in arms proliferation activities” were added to an export blacklist in Taiwan.

AML / KYC

FATF Approves New Transparency Standards for Cross-Border Payments

By Manesh Samtani | 16/06/2025

The plenary also endorsed updated financial inclusion guidance to address the issue of ‘de-risking’ and agreed to publish several other reports.

Sanctions

EU Proposes Sanctions on Two Chinese Banks over Russia Trade Links

By Editors | 14/06/2025

The EU has proposed sanctions on two small regional Chinese banks as part of the 18th package of sanctions against Russia.