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Sanctions Monthly Update – August 8, 2022

Course Duration: 10 minutes
Course Points: 
10

Fintelekt Academy presents the Monthly Sanctions Update as on 8th August 2022 by Peter Piatetsky, CEO and Co-Founder, Castellum.AI.

New sanctions on Russia have continued to slow in July. However, there is continued emphasis by leading sanctions authorities on enforcement of Russia-related sanctions. Crypto is increasingly in enforcement crosshairs in various jurisdictions, with major public stories highlighting that crypto exchanges are suspected of facilitating transactions in sanctioned jurisdictions.

Key points covered in this update:

  • Fines issued by the Reserve Bank of India (RBI) against four cooperative banks
  • Transactions processed by several foreign crypto exchanges in India without meeting local KYC and AML regulations
  • New sanctions regime adopted by the Biden Administration
  • Several licenses issued by OFAC related to Russia
  • 7th package of sanctions issued by the EU against Russia
  • UK’s Russian oil import ban in force
  • An extraordinary red alert issued jointly by UK HMT OFSI, National Crime Agency (NCA), National Economic Crime Centre (NECC), and Joint Money Laundering Intelligence Unit (JMLIT)
  • The C-19 bill adopted by Canada
  • A guidance document issued by FATF on a Risk-based Approach for the Real Estate Sector

Sanctions Monthly Update – May 4, 2022

Course Duration: 10 minutes
Course Points: 
10

Fintelekt Academy presents the Monthly Sanctions Update as on 4th May 2022 by international sanctions lawyer Nicholas Turner, Of Counsel, Steptoe & Johnson.

The Russia-related sanctions by a global coalition of nations have continued to strengthen and grow in complexity. Nick highlights some of the key developments that have taken place in the previous month, including:

  • Executive Order 14071 by the US Treasury Department and its implications
  • Recent SDN designations by the US
  • US sanctions on virtual currency companies and a darknet marketplace
  • Two significant US settlements involving companies based outside the US
  • EU and UK sanctions developments in the previous month.

Tune in to the video update to get up to speed quickly.

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