INTERNATIONAL

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    Sanctions

    Canada Issues Draft Amendments to AML/CFT Regulations

    By Editors | 15/07/2024

    The proposed amendments will require firms to report sanctioned property and suspected sanctions evasion offences, among other changes.

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    Enforcement

    Japan Makes First Arrest for Russia Export Control Violation

    By Editors | 15/07/2024

    A Russian national operating a trading company in Osaka was arrested for illegally exporting restricted goods to Russia via South Korea.

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    Sanctions

    Expert Calls for International Sanctions on Myanmar Central Bank

    By Editors | 15/07/2024

    Sean Turnell says sanctioning the CBM would effectively embargo Myanmar’s entire banking system and limit the SAC’s ability to oppress the Myanmar people.

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    ESG / Sustainability

    SBTN Updates Guidance for Nature Targets

    By ESG Investor | 15/07/2024

    The Science Based Targets Network laid out five steps corporates should take to align their approach to nature with science.

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    Sanctions

    US Sanctions Iranian Chemical Weapons Research Company

    By Editors | 15/07/2024

    This is the first time the Biden administration has imposed sanctions against Iran’s chemical weapons programme.

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    EU Seeking to Prevent Sanctions Evasion via Vietnam, Malaysia

    By Editors | 15/07/2024

    EU sanctions envoy David O’Sullivan said China is a “growing problem” as a circumvention hub, but Vietnam and Malaysia are among the next priorities.

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    Sanctions

    FinCEN Issues New Alert on Financing of West Bank Violence

    By Editors | 12/07/2024

    The alert provides additional red flag indicators. New sanctions on three individuals and five entities also announced.

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    RBI Further Opens GIFT City Banking to Indian Residents

    By Ajoy K Das | 12/07/2024

    The change is expected to contribute to developing GIFT City’s banking environment and boost business prospects for the financial hub.

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    AML / KYC

    Australia, US to Help Boost Correspondent Banking in Pacific

    By Manesh Samtani | 11/07/2024

    Australia pledged A$6.3mn in funding to help counter the decline in correspondent banking services in the Pacific.

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    Sanctions

    US: Two Men Plead Guilty to Russia Export Control Violations

    By Editors | 11/07/2024

    The two men shipped US-manufactured dual-use electronics to Turkey, Hong Kong, India, China, and UAE before they were rerouted to Russia.

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