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Sanctions
Sanctions
Data is Key to Making Sanctions Work – RUSI Report
By Editors | 23/04/2024
Banks would be able to better identify red flags and stop illicit transactions if certain fields in SWIFT such as HS trade codes were made mandatory.
AML / KYC
Singapore Officials Assure Foreign Banks of Stability – Report
By Nithya Subramanian | 22/04/2024
Senior government officials have held briefings with international banks to emphasise Singapore’s safety, reliability and trustworthiness.
Enforcement
ECB to Order UniCredit, Raiffeisen to Cut Russia Business – Reports
By Editors | 22/04/2024
Italy’s UniCredit and Austria’s Raiffeisen Bank International are expected to be ordered by the ECB to pare back their Russia business.
Enforcement
OFAC Penalises Thai Petrochemical Firm for Sanctions Violations
By Editors | 21/04/2024
A unit of a Siam Cement Group subsidiary obfuscated the Iranian origin of polyethylene resin, causing US banks to unknowingly process transfers that violated sanctions.
Sanctions
US Sanctions Four Entities Over Pakistan Missile Inputs
By Editors | 21/04/2024
One Belarus-based and three China-based entities were sanctioned for supplying Pakistan’s ballistic missile programme.
Sanctions
US, EU Issue New Sanctions Over Settler Violence in West Bank
By Editors | 21/04/2024
OFAC’s sanctions target two entities that helped raise funds for two already-designated Israeli settlers. The EU sanctions target four individuals and two entities.
Sanctions
US Reimposes Sanctions on Venezuela’s Oil and Gas Sectors
By Editors | 20/04/2024
Venezuela has fallen short of its commitments in terms of opening up the democratic and electoral process, US officials said.
Sanctions
US, UK Unveil Initial Sanctions Response to Iran’s Airstrike
By Editors | 18/04/2024
The US sanctions target Iran’s drone production, steel industry and auto companies. The UK targeted those responsible for the weekend attack.
Market Infrastructure
Japan, Korea, US Finance Ministers Hold First Trilateral Meeting
By Editors | 18/04/2024
The ministers agreed to “consult closely” on FX markets and to cooperate on financial stability and the use of sanctions.
Sanctions
US Treasury Terminates Zimbabwe Sanctions Regulations
By Editors | 18/04/2024
The Zimbabwe sanctions programme is terminated and replaced with Magnitsky sanctions against 11 individuals and three entities.
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