An internationally coordinated operation has seen the US place sanctions on notorious Irish organized crime group Kinahan, key members of its controlling family, associates, and associated businesses. A $5m reward for information leading to the arrest or conviction of gang […]
The Department of the Treasury’s Office of Foreign Assets Control (OFAC) has designated 21 entities and 13 individuals as part of a crackdown on Kremlin illicit procurement networks and tech companies who are helping fuel the conflict in Ukraine by […]
As Australia steps up its response to Russia’s invasion of Ukraine, it has targeted 39 Russians in its first use of the Magnitsky sanctions for human rights abuses. 14 Russians are accused of serious corruption, along with 25 Russian “perpetrators […]
The European Commission has set up a ‘Freeze and Seize’ Task Force to implement sanctions and seize the assets of listed Russian and Belarussian oligarchs, in partnership with the G7. EU Commissioner for Financial Services, Financial Stability, and Capital Markets […]
The attack on Ukrainian soil by Russian forces has not only triggered a new phase of international relations, but has transformed the international financial system. G7 members, including the European Union (EU), and like-minded partners released a flood of sanctions […]
Transaction screening is a critical extension of an effective transaction monitoring program. Sanctions breaches constitute serious offenses and can result in heavy penalty fines. Accordingly, banks and financial institutions must check customers against relevant sanctions lists as efficiently and accurately […]
We take a step back to explore the bigger picture around the Russia-Ukraine crisis, and how the situation may develop in the coming weeks and months. Following Russia’s recognition of the breakaway republics of Luhansk and Donetsk on February 22nd, […]
This article explores the latest sanctions on Russia imposed by the US, EU, UK and others, alongside our best practice recommendations for firms on how to ensure they’re compliant.
The US Commerce Department’s Bureau of Industry and Security (BIS) has added 33 China-based businesses to its Unverified List (UVL) – highlighting potential export risks. The aim is to demonstrate that US exporters should conduct additional due diligence and assess […]
A bill containing extensive sanctions on persons and entities in Ethiopia has been advanced by Congress, in a bipartisan move to try and end atrocities in the region. The bill would impose sanctions on anyone who undermines peace, security or […]
As Russia amasses 100,000 troops near Ukraine’s border, the Biden administration looks likely to target banks as part of a torrent of economic sanctions in the event of an invasion. Increasing friction in the region comes eight years after Russia […]
The West African state of Mali has become the subject of new sanctions, imposed by neighboring countries in a bid to accelerate its delayed election timetable and return Mali to constitutional order. The 15-member Economic Community of West African States […]
EN
DE
FR