Sanctions

Sanctions

Japan Announces New Round of Sanctions on Russia

By Editors | 04/03/2024

The sanctions target a total of 12 individuals and 37 entities, add new export restrictions, and implement the G7 ban on Russian diamonds.

Crypto / Digital Assets

Russia Re-rated on Four FATF Recommendations

By Editors | 04/03/2024

Russia was upgraded on R.6, R.7, and R.25, and downgraded on R.15 because digital currency activities are largely unregulated.

Sanctions

Canada Sanctions Six Over Death of Alexei Navalny

By Editors | 03/03/2024

The targets include senior officials and high-ranking employees of Russia’s prosecution, judicial and correctional services.

Sanctions

G7 Ban on Indirect Imports of Russian Diamonds Takes Effect

By Editors | 03/03/2024

The World Federation of Diamond Bourses says the ban on Russia-produced diamonds will also harm non-Russian manufacturers and traders.

Sanctions

Switzerland Adopts EU’s 13th Russia Sanctions Package

By Editors | 01/03/2024

The package adds a further 106 individuals and 88 entities and organisations to Switzerland’s sanctions list.

AML / KYC

Illicit Crypto Funds Flow Into Sanctioned Entities and Jurisdictions: Report

By Nithya Subramanian | 01/03/2024

Chainalysis said that entities in heavily sanctioned jurisdictions lack access to traditional financial systems and are attempting to use crypto to evade sanctions.

Sanctions

UK Issues Updated Sanctions Guidance for Maritime Sector

By Editors | 29/02/2024

The guidance is intended for firms operating within UK territories or dealing with UK-affiliated entities.

Sanctions

Huawei Pay Stops Allowing UnionPay-linked Payments in Russia

By Editors | 29/02/2024

UnionPay cards linked to the Huawei Pay service are being refused in Russia due to US sanctions against the operator of the Mir payment system.

Sanctions

US, UK Issue New Iran Sanctions Over Red Sea Attacks

By Editors | 28/02/2024

The US actions include sanctions on two Hong Kong companies that own vessels which ship Iranian commodities.