Tag: sanctions
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EU adopts 13th sanctions package against Russia
On March 15, 2022, the European Union announced that it has adopted its 13th sanctions package against Russia in response to the ongoing conflict in Ukraine. The sanctions were imposed following Russia’s invasion of Ukraine and the subsequent humanitarian crisis in the region. The EU has taken a strong stance against Russia’s actions in Ukraine,…
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Iran’s sanctions-avoiding efforts involve two UK banks
Iran’s Sanctions-Avoiding Efforts Involve Two UK Banks Amidst ongoing international sanctions, Iran has been engaging in extensive efforts to circumvent them. Two major UK banks, namely Barclays and HSBC, have recently come under scrutiny for their potential involvement in Iran’s endeavors to avoid sanctions imposed by Western countries. Sanctions, both economic and political, have long…
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FSRA announces revisions to its anti-money laundering and sanctions rules and guidance
FSRA Announces Revisions to Its Anti-Money Laundering and Sanctions Rules and Guidance The Financial Services Regulatory Authority (FSRA) has recently made significant revisions to its anti-money laundering (AML) and sanctions rules and guidance, aiming to further strengthen its commitment to combat financial crimes and protect the integrity of the financial system. Why These Revisions Matter…