Sanctions

Crypto / Digital Assets

Russia Launches CBDC Pilot With 13 Banks Participating

By Editors | 21/08/2023

The pilot involves 13 banks and 600 individual clients who can make payments at 30 points of sale in 11 Russian cities.

AML / KYC

Bangladesh’s Sonali Bank Freezes Accounts of Myanmar State Banks

By Editors | 18/08/2023

The move was made in response to direct requests from US authorities, who sanctioned two of Myanmar’s state-owned banks in June.

Sanctions

OFAC Highlights US-Origin Goods in Latest Sanctions Settlement

By Editors | 18/08/2023

Employees at a UAE subsidiary of a US firm falsified documents in an attempt to disguise the transactions involving the re-export of US-origin goods to Iran.

Sanctions

US Sanctions Three Entities Tied to Russia-DPRK Arms Deals

By Editors | 16/08/2023

The three entities are owned or controlled by a Slovakian arms dealer who was sanctioned by the US in March.

AML / KYC

Ex-FBI Agent Admits He Worked for Sanctioned Russian Oligarch

By Editors | 15/08/2023

Charles McGonigal, one of the highest-ranking FBI agents to ever face criminal charges, entered a guilty plea on Tuesday in New York.

Sanctions

Myanmar Allows Thai Baht to be in International Payments

By Editors | 14/08/2023

Myanmar’s Military Council has designated the Thai Baht as a currency for both international payments and account clearing.

Sanctions

OFAC Sanctions Four Russians Linked to Alfa Group

By Editors | 14/08/2023

The four individuals have already been sanctioned by Australia, Canada, the EU, New Zealand, and the UK.

Sanctions

Korea Unfreezes Iranian Funds as Part of US Prison Swap Deal

By Editors | 14/08/2023

$7bn of Iran’s funds have been frozen in South Korea since May 2019, after sanctions waivers for oil imports were allowed to expire.

AML / KYC

SEBI Tightens Disclosure Requirements for FPIs

By Editors | 14/08/2023

FPIs are required to provide information on persons with ownership, economic interest or control in an FPI.