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International
Sanctions
US, UK Announce New Sanctions Targeting Hamas Financing
By Editors | 29/03/2024
Two individuals and three entities were sanctioned by the US and UK for engaging in fundraising efforts to support Hamas.
AML / KYC
Wolfsberg Group Addresses Role of Internal Audit Function
By Editors | 29/03/2024
The Group offers a set of principles as guidance for the IA function to promote effective financial crime risk management within FIs.
Sanctions
US and South Korea Jointly Announce New DPRK Sanctions
By Editors | 29/03/2024
The US and South Korea also launched a new task force that will work to disrupt North Korean refined oil procurement networks.
Sanctions
Businesses Have Lost Over $100bn From Russia Exits – Report
By Editors | 28/03/2024
Russia has steadily tightened its exit requirements as sanctions pressure has ramped up. It now demands discounts of at least 50% on foreign asset sales.
Sanctions
Russia Buys its Own Diamonds to Support State-owned Alrosa
By Editors | 28/03/2024
The Russian government is for the first time in 15 years procuring diamonds from Alrosa, which has been targeted by sanctions.
Sanctions
US, UK Probing $20b in Tether Transfers to Russia’s Garantex – Report
By Editors | 28/03/2024
There is no immediate suggestion of wrongdoing by Tether Holdings, the BVI-incorporated issuer of USDT.
AML / KYC
BIS Innovation Hub Launches New Phase of AML Project
By Manesh Samtani | 28/03/2024
Phase 2 of Project Aurora aims to, among other things, deliver real-world proofs-of-concept that could scale to a potential pilot.
Sanctions
US Warns Pakistan Against Proceeding With Iran Pipeline Project
By Editors | 27/03/2024
Iran has already invested $2bn in the project. Pakistan is seeking a US sanctions waiver to go ahead with construction on its leg of the pipeline.
Sanctions
Russia Launches Scheme to Unblock Foreign Securities
By Editors | 27/03/2024
Russian broker is accepting offers from Russians looking to free up overseas-held shares affected by sanctions.
Sanctions
Russia Has Started Directly Supplying Oil to DPRK – Reports
By Editors | 27/03/2024
The shipments are reportedly using UN-designated vessels, as part of an arrangement that involves North Korea supplying arms to Russia.
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