The Office of Foreign Assets Control this week expanded its Myanmar sanctions regime to cover the country’s jet fuel sector and sanctioned people and companies involved in procuring and distributing jet fuel to Myanmar’s military regime.
DOJ this week indicted two co-founders of virtual currency mixer Tornado Cash, which it said facilitated more than $1 billion in money laundering transactions for the Lazarus Group, the sanctioned North Korean cybercrime organization. The agency said Roman Storm of Auburn, Washington, and Russian national Roman Semenov knowingly conspired to violate U.S. sanctions.
The U.K.’s Office of Financial Sanctions Implementation on Aug. 17 amended the entry for Igor Viktorovich Makarov on its Russia sanctions list. The change updated identifying information for Makarov, who supports the Russian government through his work in the country’s energy sector.
New Zealand this month sanctioned five people and four entities for supporting Russia’s war against Ukraine. The designations target five Belarusian senior military officials providing “strategic military support” to Russia and four Belarusian state-owned companies and financial institutions “providing material or strategic support” to Russia’s war. A list of New Zealand's most recently updated sanctions list can be found here.
Canada announced another set of Russia sanctions last week, designating 15 people and three judicial courts for human rights violations. The designations target senior officials of the Russian government, the judiciary committee, an investigative committee and federally funded courts, including the “notorious” Basmanny District Court. The court has been “directly involved” in human rights abuses against Russian political figures who oppose the government, including Vladimir Kara-Murza and Alexei Navalny, Canada said.
The U.N. this month launched an online sanctions research platform, an “independent reference tool for collecting, researching and analyzing global sanction data,” the organization said in a press release. The platform is available in Arabic, Chinese, English, French, Russian and Spanish and is open to anyone “interested in or working on issues related to sanctions and their impact, with no access or usage restrictions.” The tool is aimed at providing a “comprehensive online repository” for information on sanctions and their impact on human rights.
The U.N. Security Council this week amended nine sanctions list entries related to North Korea. The changes updated identifying information for eight people and one entity.
The U.S. this week sanctioned two Syria-based armed militias and three of their leaders for their involvement in “gross” human rights violations against people living in northern Syria’s Afrin region. The Office of Foreign Assets Control also sanctioned an auto sales company owned by one of the leaders.
The Office of Foreign Assets Control this week sanctioned four people involved in the poisoning of Russian opposition leader Alexei Navalny. OFAC said Alexey Alexandrovich Alexandrov, Konstantin Kudryavtsev, Ivan Vladimirovich Osipov and Vladimir Alexandrovich Panyaev are Russian Federal Security Service operatives who were reported to be involved in the attack on Navalny. All four were previously sanctioned under the Magnitsky Act of 2012 for their ties to “extrajudicial killings, torture, or other gross violations of internationally recognized human rights committed against individuals seeking to expose illegal activity carried out” by Russia, the agency said.
The Treasury Department’s Financial Crimes Enforcement Network is drafting a proposed rule that could delay the deadline for certain companies to comply with its new beneficial ownership information reporting requirements. The rule, sent for interagency review Aug. 14, could extend the reporting deadline only for companies “created or registered” in 2024. The new rules, mandated by the Corporate Transparency Act, will take effect Jan. 1 and require certain companies to file reports with FinCEN about their beneficial owners. Those reports will “provide essential information” to law enforcement and national security agencies as they look to prevent sanctioned parties and others from illegally hiding money or property in the U.S., FinCEN said.