ANZ sanctioned for charging dead customers

Australian lender ANZ has been sanctioned for failing to withhold or refund fees from deceased customers and respond to their representatives within the required timeframe, a committee reviewing banking industry practices has announced. In June 2023, the Banking Compliance Committee released its “Deceased Heirs Report”, which examined how banks in Australia were complying with the […]

Lithuania asks, Google bans sanctioned Russian artists

Google has announced to the Lithuanian Radio and Television Commission (LRTK) that it has removed the official accounts of EU-approved Russian artists at the request of the Lithuanian media watchdog. According to LRTK, the accounts in question are the active official accounts of Oleg Gazmanov, Nikolai Rastorguyev, leader of the Russian nationalist rock band Lyube, […]

Russia aims to evade Western sanctions with cryptocurrencies and digital assets

Russia’s Central Bank told businesses to use “multi-option solutions” including cryptocurrencies and other digital assets to circumvent western-imposed sanctions and facilitate payments with foreign partners. Russia’s booming trade with China, India, Turkey and other non-sanctioned countries has suffered major setbacks in the past few weeks. Recent Western sanctions have also targeted key Russian financial institutions, […]

US imposes Iran sanctions on three UAE-based carriers

The US sanctioned three UAE-based shipping companies for transporting Iranian oil. The number of ships included in the sanctions was 11. According to the decision taken by the US State Department, Al Anchor Ship Management FZE, Almanac Ship Management LLC and Sea Route Ship Management FZE are the sanctioned companies. A total of 11 ships […]

Huawei and XMC are joining forces: Aim to build HM and circumvent US sanctions

China’s Huawei plans to cooperate with memory manufacturer Wuhan Xinxin Semiconductor Manufacturing Co. (XMC) to produce High Bandwidth Memory (HBM) semiconductors, Korean media outlet The Chosun Daily reported. Jiangsu Changjiang Electronics Technology (JCET) and Tongfu Microelectronics, which developed the CoWoS advanced packaging technology, are also participating in the project. This is not just a collaboration […]