top of page
All Articles
European Sanctions to include gold, not jewellery 6.5 as Brussels foreign ministers meet
This week, European foreign ministers will gather in Brussels, and gold will be added to the latest package of "maintenance and...
Jul 19, 20222 min read
Amex pays $430K to satisfy drug kingpin sanctions
According to the Treasury Department's Office of Foreign Assets Control, a subsidiary of American Express agreed to pay $430,500 to...
Jul 19, 20223 min read
Despite American sanctions and a company ban, Binance processed client trades in Iran
Despite US sanctions and a company ban on doing business in Iran, the beleaguered cryptocurrency exchange Binance reportedly continued to...
Jul 12, 20221 min read
The EU's new AML Authority (AMLA) may also be tasked with enforcing Russia sanctions
It has been revealed that the new AML Authority for Europe (AMLA) may also be responsible for enforcing sanctions across the EU....
Jul 5, 20223 min read
Russian assets of more than $30 billion seized by Russian Sanctions Taskforce
A Russian Sanctions Taskforce has disclosed that in its first 100 days of operation, it has impounded more than $30 billion (€28.5...
Jul 1, 20222 min read
Taiwan sanctions Russia after the Russia-Ukraine War
Following Russia's invasion of Ukraine, Taiwan's government immediately moved to enact export controls and other measures to restrict...
Jun 27, 20224 min read
OCC risk report: Russian sanctions and staff turnover make compliance more difficult
Banks and financial institutions have received warnings from the Office of the Comptroller of the Currency (OCC) about increased...
Jun 27, 20222 min read
US Deputy Treasury Sec.: UAE financial sector to be vigilant in addressing Russian sanctions evasion
After tough economic sanctions against Moscow were put in place, the US Deputy Treasury Secretary issued a warning to the financial...
Jun 27, 20222 min read
The Central Bank of Ireland issued a letter on Russian sanctions obligations
The Central Bank of Ireland has written to business and professional representative groups, reminding them of their responsibilities...
Jun 21, 20221 min read
Several EU member states are pushing for new sanctions against Russia.
Following Russia's invasion of Ukraine in February, a number of EU countries are reportedly pushing for a new round of sanctions against...
Jun 21, 20221 min read
Russia not expelled by FATF, limiting sanctions to a diminished role in the task force
It was announced today that Russia will be allowed to remain a member of the global Financial Action Task Force. Following the invasion...
Jun 20, 20221 min read
Hungary throws a fresh wrench into EU sanctions discussions
According to officials, Budapest has requested that Patriarch Kirill be exempted from the new round of sanctions on Moscow. Hungary has...
Jun 2, 20221 min read
For violating Venezuelan sanctions, Banco Popular will be fined $255K.
In a settlement with the Treasury Department's Office of Foreign Assets Control (OFAC), Banco Popular de Puerto Rico (BPPR) agreed to pay...
Jun 1, 20222 min read
New EU legislation: Breaking sanctions to be illegal - law enforcement to receive more authority
The European Commission announced major new powers today that criminalize sanctions violations and give EU police agencies more authority...
May 27, 20223 min read
UK announces sanctions against a "shady network" that funds Putin's "lavish lifestyle"
The UK government announced sanctions today against a "shady network" that funds Russian President Vladimir Putin's "lavish lifestyle."...
May 16, 20222 min read
Why is beneficial ownership important for current sanctions?
Economic sanctions against Russian entities were one of the first and most significant responses to Russia's invasion of Ukraine by...
May 14, 20223 min read
As Hungary opposes sanctions, the EU is considering lifting the ban on Russian oil
EU diplomats are considering a radical option to circumvent Hungarian Prime Minister Viktor Orbán's aversion to a Russian oil ban:...
May 13, 20222 min read
UK's new Economic Crime Bill: more power to seize cryptocurrency and sanction Russian oligarchs
UK Law Enforcement will be given more powers to combat illicit finance, including the ability to seize cryptocurrency assets and tighter...
May 11, 20223 min read
EU energy companies consider to avoid Russian sanctions in order to secure gas
Russia's pressure on European energy companies to pay in rubles for gas appears to be paying off, as some of the continent's largest...
May 10, 20224 min read
The EU's ban on Russian oil is on hold as Hungary resists sanctions.
According to diplomats, European Union countries are struggling to agree on the details of a new package of Russia sanctions, including...
May 9, 20223 min read
bottom of page