UAE sanctions bank for failing to comply with anti-money laundering policies
The Central Bank of the UAE (CBUAE) has imposed a financial sanction on a bank operating in the country for failing to comply with policies and procedures related to anti-money laundering and combating the financing of terrorism and illegal organisations. The penalty comes pursuant to Article (14) of the Federal Decree Law No. (20) of […]
US sanctions Russia-based network for helping Yemen’s Houthis
The United States imposed sanctions on Russia-based people and entities working to help procure weapons and commodities — including stolen Ukrainian grain — for Yemen’s Iran-backed Houthis, the Treasury Department said. The operatives, who included Russia-based Afghan businessman Hushang Ghairat and his brother, Russia-based Afghan businessman Sohrab Ghairat, helped senior Houthi official Sa’id Al-Jamal, procure […]
SEC Dismisses Civil Enforcement Action Against Coinbase
The Securities and Exchange Commission (SEC) announced that it has dropped its ongoing civil enforcement action against Coinbase Inc. and Coinbase Global Inc. This decision came as part of a joint settlement between the Commission and the two Coinbase entities. On 21.01.2025, the SEC established the Crypto Task Force, which focused on creating a comprehensive […]
UK applies fresh sanctions following sham election in Belarus
UK sanctions 6 individuals and 3 entities alongside Canada, in an immediate response to rigged presidential election in Belarus. Sanctions target leaders of institutions responsible for serious human rights violations and companies in the Belarusian defence sector supporting Russia’s war in Ukraine. Action demonstrates government’s commitment to working internationally to deter threats and protect national […]
US imposes sanctions on international network shipping Iranian oil to China
The U.S. Treasury Department on Thursday imposed sanctions on an international network, alleging that it has facilitated the shipment of Iranian oil to China. The sanctions target entities and individuals in China, India and the United Arab Emirates, as well as several vessels. The network has facilitated the shipment of millions of barrels of Iranian […]
A first from the European Union: Russia sanctions against European citizen
The European Union imposed sanctions on Nils Trost, a Dutch oil trader residing in Switzerland, for violating the price ceiling on oil exports. Trost is reportedly involved in violating the $60 per barrel price ceiling imposed by Western countries. Swiss authorities are also investigating Trost’s company Paramount Energy & Commodities SA. According to a statement […]
EBRD announces settlement with four entities of the French Egis group
The EBRD and four Egis entities reached a settlement over fraudulent practices in two EBRD-financed projects. The sanction consisted of a 33-month conditional ban. The settlement reduces the sanction due to voluntary disclosures and other corrective actions by the Egis entities. The European Bank for Reconstruction and Development (EBRD) announced that it has imposed a […]
LinkedIn claims that the data monitoring organisation’s fine of 310 million euros is a ‘criminal’ sanction
The company claims that several sections of the Data Protection Act 2018 are unconstitutional. The Irish Data Protection Commissioner’s (DPC) fine of €310 million against LinkedIn Ireland was so severe in nature as to constitute a criminal sanction, the High Court has ruled. The Microsoft-owned company brought a judicial review action and appeal against the […]
EU lists 26 individuals and 2 entities in view of the situation in Belarus
The European Union has placed 26 Belarusian individuals and 2 organisations on the sanctions list. According to a written statement from the Council of the EU, Belarusian judges, prison administrators and detention centre officials, the head of the medical unit in one of the correctional institutions ‘where some political prisoners face inhumane conditions and are […]
US sanctions former SriLankan Airlines CEO
The US has sanctioned former SriLankan Airlines CEO Kapila Chandrasena for allegedly accepting bribes in the purchase of Airbus aircraft. The sanctions include his family and freeze his assets in the US. The US State Department announced the sanctions on the eve of International Anti-Corruption Day and Human Rights Day, covering several countries. The sanctions […]