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Sanctions Notice – ISIL (Da’esh) and Al-Qaida

Please be advised that the Security Council...

AUSTRAC releases guidance for current and new reporting entities

AUSTRAC has released reforms guidance to help...

Voting Machine Company Charged in Philippine Bribery and Money Laundering Scheme

MIAMI – A federal grand jury in Miami...

Tag: aml compliance violations

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Recent Regulations & News

Corporate report: OFSI Annual Review 2024-25: Effective Sanctions

OFSI Annual Review 2024-25 published by the Treasury's Office of Financial Sanctions Implementation Story from gov.uk
Sanctions

Notice: Imposition of monetary penalty: Colorcon Limited

OFSI report of penalty for a breach of financial sanctions – payments to designated persons. Story from gov.uk
Recent Regulations & News

Bank of Russia to strengthen control over PSMPs circumventing regulation to counter foreign sanctions

From January to September 2025, the Bank of Russia identified a number of violations of the Russian President’s executive orders that establish the rules for conducting transactions with non-residents and are aimed at ensuring financial stability....
Recent Regulations & News

Restrictions on money transfers abroad extended

The Bank of Russia has extended the restrictions for another six months. They will be effective from 1 October 2025 through 31 March 2026. Citizens of the Russian Federation and non-resident individuals from friendly states will still...
Recent Regulations & News

Bank of Russia retains restrictions on cross-border funds transfers from brokerage and trust management accounts for non-residents from unfriendly states

From 1 October 2025, these transactions will be suspended for another six months. The restrictions apply to funds transfers from both individuals’ and legal entities’ accounts opened with Russian brokers and trust managers....
Recent Regulations & News

Changes in restrictions on cross-border funds transfers for non-residents

According to the new rules, foreign investors operating in the Russian financial market will be able to make cross-border funds transfers from In-type accounts. In addition, the restrictions on the repatriation of funds recorded in In-type accounts with...
Recent Regulations & News

Non-residents’ investments in Russian financial market: Bank of Russia’s decisions

The Bank of Russia has established the rules for servicing foreign investors who have obtained the right to invest in the Russian financial market using new funds. Pursuant to the executive order of the Russian President, foreign investors have access...
Recent Regulations & News

Penalty issued for breach of Russia Sanctions

The Office of Financial Sanctions Implementation (OFSI) has imposed a £300,000 monetary penalty against Markom Management Limited (MML) for a breach of UK financial...
Recent Regulations & News

UIFs to be permitted to change status

Starting from 1 March 2026, unit investment funds (UIFs) will be allowed to change their status from ‘qualified’ to ‘non-qualified’. The requirements for reclassification are outlined in the relevant Bank of Russia ordinance. This...
Recent Regulations & News

Notice: Imposition of monetary penalty: Markom Management Limited

Penalty notice regarding a breach of financial sanctions regulations. Story from gov.uk
FinTech

Bank of Russia receives fewer complaints against insurers but more against banks: 2025 H1 results

Over the first six months of 2025, the number of complaints received by the Bank of Russia from financial consumers and investors increased by 18.6% compared to 2024 H1, totalling 182,400. Nevertheless, quarterly dynamics show a decrease in the number...
Human Rights

Guidance: Global Irregular Migration and Trafficking In Persons financial sanctions

UK Financial sanctions are in place for persons involved in people smuggling, human trafficking or the instrumentalisation of migration for the purpose of destabalisation....
Recent Regulations & News

Oil Price Cap suspected breach reporting form

Before you start Before completing this form, you should consult OFSI’s Russian Oil Services Ban guidance for information on the Maritime Services Ban, Oil Price...
Recent Regulations & News

Financial sanctions suspected breach reporting form

Before you start This form should be used to report suspected breaches of financial sanctions to HM Treasury’s Office of Financial Sanctions Implementation (OFSI). Before completing...

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