New sanctions against ransomware operators and crypto exchanges, along with the seizure of $6.1m in funds tied to ransom payments, have marked an escalation in the US government’s crackdown on hackers and anti-money laundering. The US Department of the Treasury announced a […]
Following our recent report on financial crime trends, for this webinar ComplyAdvantage has brought together experts from across the fintech and regtech industry to discuss all the latest compliance trends.
The US Office of Foreign Assets Control (OFAC) has sanctioned four Mexican nationals, accusing them of trafficking fentanyl and other illegal substances into the US on behalf of one of Mexico’s most dangerous criminal organizations. Aldrin Miguel Jarquin Jarquin, Jose […]
Japan is an influential regional and global power and participates in a range of trading relationships with partners across the world. Japan uses that status to achieve political and economic goals, often issuing economic sanctions against other countries in response […]
A type of economic sanction, trade sanctions are implemented to restrict trade activities with certain foreign targets, usually as part of a wider sanctions program intended to achieve political or diplomatic goals. Trade sanctions set out prohibitions that may apply […]
First Bank SA, a Romanian lender, and its US parent company JC Flowers & Co have agreed to remit $862,318 for First Bank’s processing of transactions that violated US sanctions on Iran and Syria. In a post on the US […]
While Turkey has been an ally to Western countries since the mid-20th century, recent geopolitical developments have created tensions with the United States (US), the United Kingdom (UK), and the European Union (EU). Turkey is a member of several global […]
Geopolitical developments in and around Ukraine, including the invasion of Crimea in 2014, have generated a significant amount of international concern in recent years. Many Western governments have responded to these developments by introducing economic sanctions against Russia and Ukraine. […]
Hong Kong’s Financial Secretary Paul Chan has welcomed China’s recently introduced Anti-Foreign Sanction Law (AFSL), strongly indicating that many of its components will also become law in Hong Kong. The AFSL marked China’s first major attempt to set out an […]
Numerous countries have imposed sanctions against Myanmar in response to its government’s violent suppression of pro-democratic movements, institutional corruption, and human rights abuses. Also known as ‘Burma’, Myanmar has struggled with internal conflict since the mid-20th century: after it gained […]
Two subsidiaries of Swedish company Alfa Laval AB will pay a combined total of just over $432,000 for apparent violations of the Iranian Transactions and Sanctions Regulations (ITSR), the US Treasury’s Office of Foreign Assets Control announced Monday, July 19. […]
Russia Sanctions Many Western governments have issued economic sanctions against Russia as a way to address breaches of international law and human rights abuses. Russia has also been sanctioned for its attempts to undermine democratic elections in the United States […]
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