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United States
Sanctions
Armenian Banks Stop Accepting Russian Mir Cards – Reports
By Editors | 22/03/2024
The Union of Armenian Banks attributed the decisions to the risk of secondary sanctions from the US.
Uncategorised
US SEC Facing Industry Lawsuit Over Dealer Rule
By Editors | 22/03/2024
AIMA and others say the SEC does not have statutory authority to change the definition of “dealer” and did not take into account economic consequences when adopting the rule.
Crypto / Digital Assets
US SEC Seeking Information About Ethereum Foundation – Reports
By Editors | 22/03/2024
The SEC has issued subpoenas to companies asking about their dealings with the foundation, purportedly in relation to the possible classification of Ethereum as a security.
Sanctions
US, Türkiye Agree on New ‘Sanctions Compliance Scheme’
By Editors | 22/03/2024
Under the new scheme, the US will allow Turkish authorities to first investigate potential sanctions violations before action is taken against Turkish companies.
Sanctions
More Chinese Banks Stop Accepting Russian Payments – Reports
By Editors | 22/03/2024
Ping An Bank, Bank of Ningbo, Guangfa Bank and Shenzhen Rural Commercial Bank are among those that have all stopped accepting yuan payments from Russia.
Sanctions
US Pressure Forces Austria’s Raiffeisen to Back Out of Russia Deal
By Editors | 22/03/2024
The deal would have helped to reduce Raiffeisen Bank’s exposure to Russia, but it would have involved a transaction with a sanctioned Russian oligarch.
Sanctions
OFAC Sanctions Nicaragua’s Attorney General for Corrupt Practices
By Editors | 21/03/2024
OFAC said Nicaragua’s Attorney General facilitated the theft of real property formerly belonging to independent media outlets, NGOs, and political prisoners.
Sanctions
OFAC Targets Procurement Networks Used for Iran Weapons Programmes
By Editors | 21/03/2024
The sanctions target 5 individuals and 10 companies they own or use to facilitate procurements for Iran’s nuclear and other military weapons programmes.
Sanctions
OFAC Issues New Russia Sanctions Over ‘Malign Influence Efforts’
By Editors | 20/03/2024
Two individuals and their companies were sanctioned for creating fake websites designed to impersonate government bodies and media outlets with intent to deceive.
Enforcement
CFTC Fines US Bank, Oppenheimer for Record Keeping Failures
By Editors | 20/03/2024
US Bank was fined $6mn and Oppenheimer $1mn. Last month, the SEC also announced fines against Oppenheimer and a US Bank affiliate in a related case.
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