INTERNATIONAL

Sanctions

China Responds to US Export Controls With Retaliatory Measures

By Editors | 04/12/2024

Exports of gallium, germanium, antimony and superhard materials to the US are banned. Graphite exports will be subject to stricter controls.

Enforcement

OFAC Fines German Firm for Conspiracy to Violate Iran Sanctions

By Editors | 04/12/2024

OFAC said Aiotec GmbH conspired over four years to cause a US company to buy and ship an entire polypropylene plant from Australia to Iran.

Sanctions

US Sanctions 14 Entities, 21 ‘Shadow Fleet’ Vessels Used by Iran

By Editors | 04/12/2024

The vessels targeted mostly have Panama or Cook Islands flags. The entities targeted are based in China, India, Hong Kong, and six other countries.

Sanctions

OFAC Announces Magnitsky Sanctions Targeting Former Uzbekistan Officials

By Editors | 04/12/2024

The three former officials were involved in human trafficking and physical and sexual violence against children at a state-run orphanage.

AML / KYC

Basel Institute on Governance Publishes 2024 Basel AML Index

By Manesh Samtani | 04/12/2024

In Asia, New Zealand, Australia, Taiwan, Brunei, and South Korea scored the best while Myanmar, Lao PDR, China, Vietnam, and Cambodia scored the worst

Big Picture

IOSCO Offers ‘Toolkits’ to Address Changing Nature of Exchange Models

By Thisanka Siripala | 03/12/2024

New report offers recommendations to help regulators improve supervision of exchanges, which are becoming increasingly global and venturing into non-traditional services.

Crypto / Digital Assets

Permissionless Blockchains Can Enhance Traditional Financial Services

By Editors | 03/12/2024

European Commission report says public permissionless blockchains represent a promising alternative to permissioned platforms.

Enforcement

Former CEO Pleads Guilty to Violating US Export Controls

By Editors | 03/12/2024

The former CEO of a freight forwarding company made over 1,000 shipments to Chinese companies on the Entity List that were dealing with North Korea.

Sanctions

US Targets China Chip Production With New Export Controls

By Editors | 03/12/2024

The controls aim to further impair China’s ability to procure and produce technology for its military modernisation, WMD programmes, and ability to repress human rights.