Sanctions

Sanctions

EU Council Approves Law Criminalising Sanctions Violations

By Editors | 14/04/2024

It will be a criminal offence in all member states to help someone bypass a travel ban  or trade in sanctioned goods.

Sanctions

LME, CME Barred from Accepting Three Key Russian Metals

By Editors | 12/04/2024

The LME and CME can no longer accept new aluminum, copper, and nickel produced by Russia. Existing stocks are exempt from the ban.

Sanctions

US Adds 11 Entities to Entity List, Including 6 Chinese Firms

By Editors | 12/04/2024

One of the entities was “working as a part of a network” with three Russian firms to procure aerospace components for Iran.

Sanctions

Sanctions Against Two Russians “Not Justified”, EU Court Rules

By Editors | 12/04/2024

The court ruled that there wasn’t enough evidence to include Russian billionaires Mikhail Fridman and Petr Aven on the EU sanctions list.

Enforcement

Australian Court Rules on Sanctions Law Breach by Coal Miner

By Editors | 10/04/2024

A Federal Court Justice has ruled that ASX-listed coal miner Tigers Realm Coal breached Australia’s sanctions law.

Sanctions

EU Starts Work on 14th Russia Sanctions Package

By Editors | 10/04/2024

Valdis Dombrovskis said the 14th package against Russia would have a “strong anti-circumvention focus” and “should be adopted in spring”.

Sanctions

US Treasury Official Calls for Expanded Tools to Target Crypto

By Manesh Samtani | 10/04/2024

Without Congressional action, the use of virtual assets by terrorists, ransomware actors and rogue nations will only grow, said Wally Adeyemo.

AML / KYC

US Prepared to Sanction Chinese Banks That Aid Russian Military

By Editors | 09/04/2024

Janet Yellen said the US stands ready to act against “anything that involves aiding Russia’s military in their brutal war”.

Enforcement

US Court Sets Jan 2026 for Huawei Sanctions Evasion Trial

By Editors | 08/04/2024

The trial date was set as a placeholder after settlement negotiations between the DOJ and Huawei ended in an impasse.