CBUAE imposes sanctions on five insurance brokers over anti-money laundering failures
Two fined, three warned for breaching anti-money laundering and terrorism financing rules. Dubai: The Central Bank of the UAE (CBUAE) has imposed administrative and financial sanctions on five insurance brokers operating in the country for failing to comply with anti-money laundering (AML) and counter-terrorism financing (CTF) regulations. The penalties were issued under Article (14) of […]
US sanctions Chinese refinery, oil firms over Iran oil shipments
The United States on Thursday sanctioned a China-based independent “teapot” refinery and three oil terminal operators for helping deliver hundreds of millions of dollars’ worth of Iranian oil, according to the State Department. This is the US’ third action against a China-based independent teapot refinery since President Donald Trump revived his “maximum pressure” campaign against […]
U.S. Sanctions Related to Iranian Nuclear-Related Research with Potential Military Applications
The Department of State sanctioned three Iranian nationals and one Iranian entity with ties to Iran’s Organization of Defensive Innovation and Research, which is known by its Persian acronym, SPND – the direct successor organization to Iran’s pre-2004 nuclear weapons program, also referred to as the Amad Project. As in the announcement all individuals sanctioned […]
UK sanctions 100 dark fleet tankers
United Kingdom has sanctioned 100 tankers in what it has been called its biggest ever package of sanctions against Russia’s dark fleet. With these new sanctions, the UK says it has sanctioned more dark fleet vessels than any other country. Alongside those vessels targeted are several businesses, including Ro Marine and Soglasie. Ro Marine has […]
Zelensky imposes sanctions on former advisor Oleksiy Arestovych
Volodymyr Zelensky imposed personal sanctions against Oleksiy Arestovych, former advisor to the Ukrainian President’s Office, who now lives outside of Ukraine. The move came as part of a sanctions package against a list of 76 individuals and 81 companies, compiled by Ukraine’s National Security and Defense Council. Arestovych, who was one of Zelensky’s most outspoken […]
US expands sanctions against Jalisco New Generation Cartel
The U.S. government announced new economic sanctions and a financial crimes alert targeting the powerful Jalisco New Generation Cartel (CJNG) and its fuel theft network. The U.S. Treasury Department imposed sanctions on “three Mexican nationals and two Mexican-based entities linked to” the CJNG. Also the U.S. Financial Crimes Enforcement Network (FinCEN) issued an alert urging […]
US Announces Sanctions Against Myanmar Military for ‘Facilitating’ Cyber Scams
The U.S. government has sanctioned a major militia in eastern Myanmar, describing it as “a key enabler” of online fraud operations that are costing Americans billions of dollars per year. In a statement, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) said that it had sanctioned the Karen National Army (KNA), along with […]
China lifts sanctions against several MEPs
China has lifted sanctions on five EU parliamentarians after signaling interest in closer economic and political ties with Europe. European Parliament President Roberta Metsola informed political group leaders during a closed-door meeting of the decision of the Chinese authorities. Beijing had initially imposed its sanctions in 2021 on 10 EU individuals and four entities, including […]
USA’s new sanctions targeting Iran’s Ballistic Missile Program
The United States is sanctioning six entities and six individuals based in Iran and China for their role in a network procuring ballistic missile propellant ingredients on behalf of Iran’s Islamic Revolutionary Guard Corps. Action, which targets this network that has facilitated the procurement of sodium perchlorate and dioctyl sebacate from China to Iran, is […]
Poland sanctions Russian discount supermarket chain
The Polish interior ministry has placed a discount supermarket chain and its Russian owners on the sanctions list. According to Poland’s National Tax Administration (KAS), which filed the sanction request, the company “indirectly supports Russia’s aggression in Ukraine”. Torgservis PL recently returned to Poland with its discount supermarket MyPrice, the first of which opened in […]