The US has expanded its sanctions regime against Nicaragua with six officials connected to the Nicaraguan government being targeted, including the country’s Minister of Defense, and telecom and mining executives. The move comes as Nicaragua inaugurates its new President and […]
Defense think tank RUSI is warning that a lack of guidance around proliferation finance (PF) and designated non-financial businesses and professions (DNFBPs) is increasing the risk of North Korea evading targeted sanctions. In a new report, it recommends organizations and […]
Airbnb Payments, a subsidiary of rental company Airbnb, will pay $91,172 for alleged violations of sanctions against Cuba, the US Office of Foreign Assets Control (OFAC) has announced. OFAC, which implements and enforces US sanctions, says the company processed payments […]
The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned eight firms that “actively support the biometric surveillance and tracking of ethnic and religious minorities in China.” This includes Xinjiang, a key focus for policymakers concerned […]
From regime change in Myanmar and Afghanistan to a spotlight on environmental crime at COP26 and the explosive Pandora Papers leak, 2021 has been another landmark year for compliance professionals. But what events from this year are likely to set […]
Increasing pressure from the US could result in additional sanctions being imposed on Myanmar, a US diplomat has confirmed. “All options are on the table, and I think it is our responsibility not just as the US, but as the […]
Germany has urged the US Congress not to impose sanctions on the Nord Stream 2 gas pipeline, saying that any moves against the pipeline will be in breach of a previous deal. The move follows the blockage of the annual […]
Insights on how to scale a compliance program in a cost-effective way, the role of machine learning, and the pros/cons of build vs buy.
Financial sanctions are an important tool in the global fight against financial crime. Governments around the world use sanctions to restrict and prohibit trade with foreign targets as a means to achieve political objectives or punish violations of international law […]
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