Coordinated designations of Hezbollah financial network by the U.S. Treasury and the Qatari Government
The U.S. Treasury and the Qatari government, in a joint effort, designated an extensive Hezbollah financial support network spread across countries in the Arabian Peninsula.
Russian businessman sentenced to prison for conspiring to ship U.S. made tech to Russia.
Oleg Vladislavovich Nikitin, the general director of the energy company (KSE) based in St. Petersburg, has been sentenced to 28 months in prison for scheming to ship prohibited tech to Russia.
What does China’s latest crypto ban tell?
China’s latest and most decisive crackdown on crypto-related activities coincided with U.S. gearing up efforts to fix a rulebook on crypto.
OFAC issues updated Advisory on ransomware payments risks
Recently issued OFAC advisory informs about the sanctions-related risks of the growing threat of ransomware payments.
Lafarge TF lawsuit takes historic turn
The highest court (Court of Cassation) in France upheld the accusations made against cement giant Lafarge brought by anti-corruption groups and the ECCHR in Paris.
FATF urges Japan to strengthen AML Measures
30 August 2021, FATF released the “Fourth Round of Joint FATF/AFG Mutual Evaluations of Japan” praising Japan’s understanding of ML and TF risks and the rigour of her interagency cooperation while urging a ‘joint agency’ coordination.
Art Markets under AML radar
Recent and focused AML risk assessments placed art-market participants under the spotlight. But how long will it take for warnings and tighter AML controls to transform the long-established practices of the industry?
China postpones the vote to insert Anti-Sanctions legislation to Hong Kong law. ‘One World Two Systems’ delayed?
China’s National People’s Congress was expected to vote the legislature into the Basic Law of Hong Kong but the anxiety that pervaded the markets was relieved when NPC announced a postponing.
Belarus Sanctions Stiffen as Multilateral Pressure Mounts
In pursuant of the U.S. President Joe Biden’s executive order expanding the scope of sanctions on Belarus, the U.S. Treasury designated 23 individuals and 21 entities which included, unprecedentedly, the Belarusian National Olympic committee (NOC) which the treasury defined the as a tool for Lukashenka to circumvent restrictions.
U.S. Treasury Sanctioned Cuban Officials linked to suppressing July protests
Friday, August 13, The U.S. Treasury Department sanctioned two Cuban interior ministry officials and a military unit, as hundreds remain detained following protests last month on the island.