ADVERTISEMENT
Sanctions
Enforcement
UK Discloses Russia Sanctions Breach by Wise Payments
By Editors | 01/09/2023
The disclosure is meant to act as a form of censure and deterrent, while also providing compliance lessons. No monetary penalty was imposed.
AML / KYC
MAS Issues Additional Guidance on Managing Sanctions Risk
By Manesh Samtani | 31/08/2023
The guidance covers board and senior management responsibilities and the use of look-back reviews of past transactions.
Sanctions
US, China Open Communication Channels on Export Controls
By Editors | 30/08/2023
US and Chinese officials agreed to establish a new “export control enforcement information exchange” mechanism and a “commercial issues working group”.
AML / KYC
Laos AML/CFT Regime Has “Significant Deficiencies” – FATF
By Manesh Samtani | 30/08/2023
Laos is rated “non-compliant” on nine of the FATF’s 40 recommendations, and “partially compliant” on 22 recommendations.
Sanctions
Russia Considers Decree to Enable Investors to Unblock Assets
By Mark Johnston | 28/08/2023
Under the plan, interested foreign investors would be able to buy Russian assets currently frozen in Europe.
Sanctions
New Zealand Joins US, UK in Sanctions over Treatment of Ukrainian Children
By Editors | 27/08/2023
The New Zealand and US sanctions coincided with Ukrainian Independence Day on 24 August.
Sanctions
US Commerce Dept Removes 27 Chinese Companies from “Unverified List”
By Editors | 25/08/2023
The Unverified List is part of the US Export Administration Regulations. A company may be placed on the list when certain information about it cannot be verified.
Sanctions
Canada Sanctions Russian Military, Nuclear, Banking Sector Targets
By Mark Johnston | 24/08/2023
Canada sanctioned four individuals and 29 entities linked to Russia’s military, financial and nuclear sectors over the Ukraine war.
Sanctions
OFAC Expands Sanctions on Jet Fuel for Myanmar Military
By Editors | 24/08/2023
One of the sanctioned individuals helps Myanmar’s military regime procure jet fuel through Singapore-based holding companies.
AML / KYC
US Sanctions Tornado Cash Co-founder, Arrests Another
By Manesh Samtani | 24/08/2023
Russian national Roman Semenov was added to OFAC’s sanctions list. Another co-founder, Roman Storm, was arrested on Wednesday.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.