US Sanctions North Korean Bankers Over Cybercrime & Money Laundering
The U.S. has imposed sanctions on North Korean bankers, financial institutions, and entities accused of laundering money from cybercrimes. This decision aims to cut off the funding sources for North Korea’s illegal nuclear weapons program. Officials state that over $3 billion has been diverted to the regime through these schemes in the past three years. […]
US Intensifies Pressure on Iranian Oil Trade with New Sanctions
The United States government announced significant new sanctions on Thursday aimed at curbing Iran’s illicit petroleum trade. In a coordinated action, the Department of State and the Department of the Treasury targeted shipping and aviation networks accused of facilitating these sales. According to officials, the primary objective is to sever the financial lifelines that allow […]
UK Sanctions on Illicit Russian Cyber Networks
The UK, in coordination with allies in the United States and Australia, has announced new sanctions targeting Russian “bulletproof” hosting services that facilitate global cybercrime. The sanctions focus on Media Land, a major provider of online infrastructure used for ransomware and phishing, and its ringleader, Alexander Volosovik (aka Yalishanda). Volosovik has links to notorious cyber […]
US Sanctions Thai Company Tied to Myanmar Scam Operations
According to Thai newspaper Khaosd The United States imposed sanctions on a Thai company and a Myanmar armed group accused of operating cyber-scam centers that defrauded Americans and relied on human trafficking victims. According to The U.S. Department of the Treasury’s Office of Foreign Assets Control announced that it had blacklisted the Democratic Karen Benevolent […]
Zelenskyy sanctions former business partner implicated in $100M corruption scandal
Ukrainian President Volodymyr Zelenskyy imposed sanctions on Tymur Mindich, his former business partner, according to a decree published Thursday. Mindich was implicated in a $100 million corruption scandal in Ukraine’s battered energy sector, where prosecutors alleged this week he masterminded a scheme manipulating contracts at Ukraine’s state nuclear energy company to extract kickbacks worth 10-15 […]
US partially suspends Caesar Act sanctions on Syria for 180 days
The US has partially suspended the imposition of Caesar Act sanctions on Syria for 180 days, the Treasury Department announced. The suspension replaces a May 23 waiver, which also granted a 180-day exemption from mandatory Caesar Act sanctions and represents “our commitment to continued sanctions relief for Syria,” according to an advisory from the Treasury’s […]
Russia sanctions 30 Japanese nationals
The Russian Foreign Ministry announced that it closed entry to 30 Japanese journalists and scholars in response to Tokyo’s sanction policy against Moscow. “As part of the response to the ongoing so-called sanctions actions of official Tokyo against our country, linked to a special military operation, it was decided to indefinitely ban 30 Japanese citizens […]
US removes sanctions on Belavia and its VIP gov’t aircraft
The US Office of Foreign Assets Control (OFAC) has formalised the permanent lifting of sanctions on Belavia (B2, Minsk National) by removing it from the list of specially designated nationals (SDN) on November 4. By removing the Belarusian flag carrier from the SDN list, the US government will now allow all US entities and individuals […]
New IRA and suspected terror facilitator sanctioned
The UK Government has acted against the New IRA and Kieran Gallagher. The reason for this step is they have reasonable grounds to suspect New IRA and Kieran Gallagher is involved in terrorist activity. These measures prohibit all persons required to comply with UK sanctions from dealing with any funds or economic resources owned, held […]
US Treasury Department sanctions North Korean bankers, firms
8 individuals, Korea Mangyongdae Computer Technology Company, Ryujong Credit Bank sanctioned for ‘cybercrime and information technology (IT) worker fraud’ The US added several North Korean bankers and institutions to its sanctions list, on accusations of laundering cybercrime funds. “Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned eight individuals and two […]