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Find here all the latest articles, news, and research on Financial Sanctions and other Financial Sanctions-related topics:

Find here all the latest articles, news, and research on Financial Sanctions and other Financial Sanctions-related topics:

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The fallout from the crisis in Ukraine brings alternative payment networks front and centre

Interviews | Online Payments | 26 May 2022

Eli Shoshani, Head of APAC at Bottomline, shares his predictions for the future of alternative payments networks. 

Bottomline Technologies, Russia Ukraine War, financial sanctions, banks, online payments

How sanctions against Russia complicate cryptocurrency acceptance

Voice of the Industry | Cryptocurrencies | 24 May 2022

As sanctions against Russia continue to impact the country, MRC explains how cryptocurrency provides an extra layer of obfuscation for those who wish to bypass traditional means of currency transfer.

financial sanctions, Russia Ukraine War, cryptocurrency, banks, financial institutions, SWIFT, KYC, identity verification, cryptocurrency exchange, digital assets

US registers first criminal cryptocurrency sanctions case

News | Cryptocurrencies | 18 May 2022

The US Justice Department has launched its first criminal prosecution involving the alleged use of cryptocurrency to evade US economic sanctions, according to the Washington Post.

cryptocurrency, financial sanctions, regulation, Bitcoin

The importance of beneficiary registries in fighting money laundering and terrorist financing

Interviews | Digital Identity, Security & Online Fraud | 18 May 2022

Ieva Tarailienė, Head of Registry Practice at NRD Companies, offers insights into the matter of beneficial ownership registers, their benefits to transparency and accessibility as well as their importance as it relates specifically to AML, CTF, and sanctions.

money laundering, data, AML, financial sanctions, banks, artificial intelligence, Ultimate Beneficial Ownership, UBO

Russia sanctions & PEPs lists require new tools for compliance

Voice of the Industry | Digital Identity, Security & Online Fraud | 09 May 2022

The unprecedented scale and speed of sanctions against Russia has highlighted the need for a new approach to compliance that is enabled by better data and Artificial Intelligence (AI) automation

compliance, financial sanctions, risk management, artificial intelligence, data, KYC, AML

BitMEX founders fined 30 mln for illegal trading in the US

News | Cryptocurrencies | 06 May 2022

A US federal judge has ordered the three co-founders of BitMEX to pay a total of USD 30 million for operating an illegal cryptocurrency derivatives platform and violating money-laundering rules, according to CoinDesk.

cryptocurrency, AML, regulation, financial sanctions, Bitcoin, Ethereum

Visa, Stripe suspend Bankoff crypto cards following Russian transactions

News | Cryptocurrencies | 05 May 2022

Bankoff, a platform offering cryptocurrency virtual cards, has announced customers its cards are no longer supported by payment systems Visa and Stripe, according to news.bitcoin.com

Visa, Stripe, Russia Ukraine War, financial sanctions, virtual card, cryptocurrency

How can payment providers manage sanctions risks in real-time?

Voice of the Industry | Digital Identity, Security & Online Fraud | 20 Apr 2022

Sanctions breaches threaten businesses with regulatory and reputational consequences. To keep up with the changing sanctions landscape they need access to real-time data. Charles Delingpole, CEO of ComplyAdvantage, reveals how to avoid this becoming an issue

regtech, financial sanctions, transaction monitoring, financial crime, artificial intelligence, risk management

FCA launches new strategy to counter money laundering and fraud

News | Digital Identity, Security & Online Fraud | 11 Apr 2022

The Financial Conduct Authority (FCA) has released a new strategy for the next three years, from 2022 to 2025, to mitigate fraud and sanction evasion.

FCA, regulation, crypto asset, AML, CFT, financial sanctions

ThetaRay chooses Screena as sanctions list screening solutions partner

News | Digital Identity, Security & Online Fraud | 05 Apr 2022

Israel-based ThetaRay has integrated Screena’s screening system into its SONAR SaaS tansaction monitoring solution.

partnership, AML, transaction monitoring, identity verification, fraud prevention, financial sanctions

Russia's central bank keeps key interest rate at 20%

News | Payments General | 18 Mar 2022

Russia's central bank kept its key interest rate at 20% on 18 March following an emergency rate hike in late February and warned of an imminent spike in inflation and a looming economic contraction.

central bank, regulation, financial institutions, financial sanctions, Russia Ukraine War, interest rate

Western Union halts services in Russia and Belarus

News | Payments General | 15 Mar 2022

Money transfer company Western Union has announced it also condemns the invasion of Ukraine and suspended its operations in Russia and Belarus.

Western Union, cross-border payments, money transfer, Russia Ukraine War, financial sanctions

Russia, payment systems, and the law of unintended consequences

Voice of the Industry | Online Payments | 14 Mar 2022

Dr. Leo Lipis, Chief Executive of Lipis Advisors, offers a lucid account of the ways in which the EU and US must pay attention to the loopholes the Russian banks can use to bypass some of the economic sanctions, now that it’s more important than ever for them to take effect in discouraging the military campaign.

Russia Ukraine War, financial sanctions, online banking, SWIFT, Visa, MasterCard

The Paypers' full analysis of the Russian financial sanctions: EU and US measures, SWIFT ban, economic and commercial outcomes

Voice of the Industry | Online Payments | 11 Mar 2022

The Paypers has compiled thorough research on the financial sanctions imposed on the Russian Federation in the last two weeks. We aimed to help create a clearer picture of the complex economic machinations that the global payments, banking, and ecommerce ecosystems are faced with

Russia Ukraine War, European Commission, Visa, MasterCard, American Express, central bank, financial sanctions

The White House to sign executive order on cryptocurrencies

News | Cryptocurrencies | 10 Mar 2022

According to reports from Bloomberg and Reuters, US President, Joe Biden, is set to sign an executive order regarding the government’s strategy on cryptocurrencies. 

regulation, digital assets, cryptocurrency, crypto asset, Russia Ukraine War, financial sanctions, blockchain

Netflix, Nintendo & others to suspend operations in Russia

News | Online Payments | 08 Mar 2022

Following a global wave of support for Ukraine, several tech companies, including Netflix have announced they are exiting the Russian market.

Russia Ukraine War, netfix, Meta, Snapchat, financial sanctions, online shopping, shopping

Oracle suspends operations in Russia

News | Payments General | 04 Mar 2022

Business software giant Oracle Corp has announced it has suspended all operations in Russia, amid the country’s invasion of Ukraine. 

Russia Ukraine War, financial sanctions, regulation, SWIFT

Nike to temporarily close its stores in Russia

News | Payments General | 04 Mar 2022

US-based athletic leisure manufacturer giant Nike has announced it temporarily closes all its stores in Russia, amid the ongoing conflict in Ukraine.

Russia Ukraine War, ecommerce, online platform, online shopping, regulation, financial sanctions, Nike

IKEA temporarily shuts down operations in Russia

News | Ecommerce | 03 Mar 2022

Sweden-based global furniture provider IKEA has announced it temporarily closes its stores in Russia and pauses all sourcing in Belarus and Russia.

Russia Ukraine War, ecommerce, IKEA, COVID-19, regulation, financial sanctions

Report results lead Swedbank to rebuild AML systems

News | Digital Identity, Security & Online Fraud | 06 Apr 2020

Swedbank has announced it is overhauling its anti-money laundering (AML) IT infrastructure.

Swedbank, AML, fraud detection, banks, customer validation, transactions , financial sanctions, economic crime, Sweden