Sanctions
-
GRIP Extra: Treasury mulls stronger role for FinCEN, ESMA publishes supervisory expectations
Our in-brief roundup of notable stories from the last week.
-
OFAC fines equity manager $11.5m over ties to sanctioned Russian oligarch
IPI was penalized for managing $50m for a Russian citizen for four years after he was sanctioned.
-
OFAC case shows result of willful disregard, and need for risk-based due diligence
The charged individual continued to deal in the property even after receiving word of its blocked status.
-
Canada Minister of Foreign Affairs announces more Russia sanctions under SEMA
Additions include 13 individuals, 11 entities, and 100 vessels from Russia’s shadow fleet.
-
GRIP Extra: HSBC to book $1.1B provision after losing Madoff appeal, EU coordinates enforcement on GDPR transparency
Our in-brief roundup of notable stories from the last week.
-
GRIP Extra: Fed to publish stress-test models, EDPB backs extending UK GDPR adequacy to Dec 2031
Our in-brief roundup of notable stories from the last week.
-
BNP Paribas loses $20m Sudan jury trial, expects reversal on appeal
The New York federal case was tried under Swiss civil law.
-
A7A5 Russian stablecoin continues to evade sanctions
Despite action taken in August, $6 billion worth of the token is known to have been moved since then.