top of page
All Articles
What Nigeria and South Africa must do now to remove themselves from the FATF's watchlist
Nigeria and South Africa have been added to the Financial Action Task Force's so-called "grey list." Although chastised for focusing on...
Feb 28, 20234 min read
South Africa and Nigeria have been added to the FATF's AML/CFT watchlist
FATF placed Nigeria and South Africa on its so-called "grey list" of nations requiring increased monitoring due to weaknesses in their...
Feb 28, 20232 min read
EU countries need an agency similar to OFAC to combat "massive" Russian sanctions evasion
Twelve Member States have urged that the EU have its own OFAC-like body to enforce EU sanctions. The governments, led by the Netherlands,...
Feb 23, 20233 min read
How efficient are the sanctions imposed on Russia?
When Russia originally invaded Ukraine about a year ago, numerous countries decried the assault and levied sanctions in an attempt to...
Feb 20, 20233 min read
US and UK impose sanctions on the Russian Trickbot malware hacking group
Officials revealed on Friday that the United States and Britain had sanctioned seven key members of the notorious Russian hacker group...
Feb 10, 20232 min read
Russian oligarchs on the sanctions list failed to report their UK properties
Following Moscow's invasion of Ukraine last year, Britain announced new regulations demanding the disclosure of property ownership in an...
Feb 2, 20236 min read
UAE & Turkey warned about sanctions evasion by top US Treasury official
As Washington cracks down on Russian attempts to evade sanctions imposed over its war in Ukraine, the top sanctions official from the US...
Jan 31, 20233 min read
Washington suspends export permits for US businesses to Huawei
As it gets closer to outlawing the sale of American technology to the Chinese telecom equipment giant, the Biden administration has...
Jan 31, 20233 min read
UK faces accusations that its Russia assets regime is weaker than that of the EU or the US
Experts cautioned that the UK's unique approach on share ownership by individuals and businesses subject to sanctions has created a...
Jan 4, 20234 min read
Another 141 Russians are barred from entering the EU for aiding Russia's illegal war in Ukraine
Since the commencement of the Ukrainian conflict, 1386 Russian citizens have been barred from entering the European Union's territory,...
Dec 19, 20222 min read
Transfer of fuel from South to North Korea reveals sanctions evasion.
A rare observation that sheds light on the dark world of the east Asian oil trade was the transfer of petroleum from a Russian tanker...
Dec 16, 20225 min read
EU plans to use billions of sanctioned Russian funds to pay for Ukraine's reconstruction
The European Commission has proposed using billions in Russian assets that have been sanctioned to fund reconstruction in Ukraine. The...
Dec 1, 20222 min read
Iran sanctions screening oversights result in Kraken paying $362,000
According to the Office of Foreign Assets Control of the Treasury Department, Kraken, a virtual currency exchange, will pay a fine of...
Nov 29, 20222 min read
Hungary only freezes €3,000 worth of Russian assets- Belgium, Luxembourg, and Italy lead the way
When it comes to freezing Russian assets, some EU countries are moving faster than others. According to recent data, Belgium leads the...
Nov 23, 20222 min read
EU seeks 'exit tax' on sanctioned Russians' assets to squeeze Kremlin
European officials are considering imposing a "exit tax" on the assets and capital gains of sanctioned individuals leaving Russia....
Nov 22, 20221 min read
Russia sanctions present "reputational and operational risks" for institutions, according to FINMA
In its Risk Monitor 2022, the Swiss Financial Markets Authority (FINMA) cautions that the risks presented by money laundering have...
Nov 12, 20223 min read
As part of Ukraine sanctions, the UK has frozen £18 billion in Russian assets
The British government has frozen the assets of 120 Russian organisations and over 1,200 individuals. According to new numbers announced...
Nov 11, 20222 min read
German police raid UBS in an investigation concerning a Russian Oligarch
German police searched branches of the multinational lender UBS as part of a money laundering investigation into Russian oligarch Alisher...
Nov 10, 20222 min read
Accountants in Cyprus leave PwC to keep clients with ties to Russia
To accept business from clients with Russian ties which the Big Four accounting firms are no longer considering, a group of PwC partners...
Nov 8, 20223 min read
McGuinness: New instant payment regulations, will make sanctions screening "more efficient"
Mairead McGuinness, the European Commissioner for Financial Services, has pledged that the bloc's recently disclosed instant payment...
Nov 8, 20222 min read
bottom of page