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U.S. Mulls Sanctions on Chinese Banks: Navigating the Complex Dynamics of Global Trade and Military Support
Amid escalating tensions between the United States and China, reports indicate that the U.S. is in the process of formulating sanctions...
Apr 23, 20243 min read
U.S. Treasury Imposes Sanctions on Cypriot Companies Linked to Belarusian Defense Industry
The recent actions taken by the U.S. Department of the Treasury to expand its sanctions list by including two Cypriot companies represent...
Apr 16, 20242 min read
Russian Wealth Shift: Dubai's Fading Allure Amid Rising Costs and Tightening Sanctions
In the wake of President Vladimir Putin's invasion of Ukraine two years ago, Dubai emerged as a favored destination for Russians seeking...
Apr 2, 20243 min read
U.S. Treasury Imposes Sanctions on Russian Financial and Tech Entities: Detailed Overview of Designated Persons and Companies
The Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced on the 25th of March the sanctioning of thirteen...
Mar 29, 20244 min read
Bank of Latvia Governor Urges Swift Action to Seize Frozen Russian Assets for Ukraine's Defense
A European central bank governor has urged swift action in seizing frozen Russian assets to support Ukraine's war effort, stressing the...
Mar 26, 20242 min read
MEPs Approve Sweeping Directive to Harmonize EU Sanctions Enforcement
This directive represents a concerted effort to address the existing discrepancies among member states regarding the definition of...
Mar 14, 20242 min read
U.S. Official Issues Stark Warning to Austria and RBI on Russia Business Risks
A senior U.S. official specializing in sanctions enforcement is slated to deliver a stern warning to Austria and Raiffeisen Bank...
Mar 7, 20242 min read
UK Struggles with Sanctions Enforcement: Russian Official's London Property Escapes Freeze
Amidst the United Kingdom's endeavor to enforce sanctions against Russian officials following Russia's invasion of Ukraine in 2022,...
Feb 29, 20242 min read
Cyprus Takes Action: Establishing Financial Sanctions Unit to Combat Illicit Activity
Cyprus is taking decisive measures to overhaul its financial sector and address its reputation as a haven for Russia's elite. One of the...
Feb 27, 20242 min read
FIUs Issue Joint Advisory on Russia Sanctions Evasion: Collaborative Efforts to Detect and Prevent Illicit Financial Activities
The Financial Intelligence Units (FIUs) of the Netherlands (FIU-NL), Germany (FIU DE), and Canada (FINTRAC) have collaborated on a joint...
Feb 22, 202416 min read
EU Visa Sanctions: Examining Dynamics with Gambia and Iraq Amidst Ongoing Discussions
The recent report from Statewatch delves into the intricate discussions among European Union (EU) Member States regarding potential visa...
Feb 15, 20242 min read
British Banks Linked to Trades with Sanctioned Iranian Entities: Standard Chartered Implicated Alongside Lloyds, Santander, and HSBC
A recent report has revealed that a third British bank, Standard Chartered, has been implicated in trades with a sanctioned Iranian...
Feb 13, 20242 min read
Evasion of Russia Sanctions: EU Commission Takes Action Against Companies, Urges Member States to Hold Accountable
The European Commission is poised to disclose details regarding the evasion of Russia sanctions by companies, with plans for a follow-up...
Feb 12, 20242 min read
Chinese Banks Tighten Financing Restrictions on Russian Clients in Response to U.S. Sanctions on Overseas Financial Firms
Chinese state-owned banks are reportedly intensifying their restrictions on financing Russian clients in response to the approval of...
Jan 17, 20242 min read
Leaked Documents Reveal Roman Abramovich's $63 Million Investments in European Start-ups Through Venture Capital Firm Target Global
Russian billionaire Roman Abramovich has reportedly invested $63 million in European start-ups through London-based venture capital firm...
Jan 12, 20242 min read
EU Expands Sanctions to Include World's Largest Diamond Producer Alrosa Over Russia's Actions
The European Union (EU) has extended its sanctions against Russia, adding Alrosa, the world's largest diamond producer, and its CEO Pavel...
Jan 11, 20242 min read
German prosecutors have initiated legal proceedings to seize over €720 million from a Frankfurt bank account belonging to a sanctioned Russian financial institution
In a groundbreaking move, German prosecutors have initiated legal proceedings to seize over €720 million from a Frankfurt bank account...
Dec 21, 20232 min read
A New Chapter in EU Sanctions: Criminalizing Evasion Across Europe
In a significant development, a Europe-wide law introducing the criminal offense of sanction evasion has been agreed upon. The law...
Dec 15, 20232 min read
EU Agrees on AMLA's Role in Policing Sanctions Evasion Amid Marathon Talks
In a significant development during marathon negotiations, negotiators from the European Parliament and European Council have reached an...
Dec 14, 20232 min read
UK Establishes Enforcement Unit to Bolster Crackdown on Russian Sanctions Violations
The British government has announced the creation of a new enforcement unit, the Office of Trade Sanctions Implementation (OTSI), aimed...
Dec 13, 20232 min read
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