Covered Institutions

Russian diamonds may be entering Australia through intermediaries and processing hubs despite sanctions on Moscow’s state-owned diamond giant Alrosa.

The Federal Reserve on Monday proposed a new rule that would prohibit its examiners penalizing institutions over the “reputation risk” they face from customers—a policy shift that aligns with ongoing litigation brought by President Donald Trump against JPMorgan Chase. 

The UK unveiled its biggest Russia sanctions package in years on Tuesday, targeting Moscow’s shadow fleet and the key networks and infrastructure that have helped keep crude exports flowing since the start of the Russo-Ukrainian war.

Blockchain forensics firm Elliptic has identified four cryptocurrency exchanges that allegedly facilitate Russia sanctions evasion, including by helping to convert rubles into crypto-assets and move value across borders without the direct aid of traditional banking channels. 

A 42-year-old American citizen suspected by French investigators of leading a vast international money laundering network known as “Dark Bank” has been extradited from the United States to France, Le Monde reported.

Binance internal investigators found last year that about $1.7 billion in cryptocurrency flowed from two accounts on the exchange to Iranian entities with links to terrorist groups, raising potential violations of global sanctions.

The White House is weighing a new round of national-security tariffs on several industries after a Supreme Court ruling last week struck down many of President Trump’s second-term levies, The Wall Street Journal reported. 

Iran has agreed to a €500-million contract with Russia for thousands of shoulder-fired air-defense missiles, in a deal that underscores both countries’ willingness to deepen military trade despite intensifying western sanctions and arms-export restrictions.

Hungary plans to block an EU sanctions package targeting Moscow and major new loans intended for Kyiv unless oil shipments resume through the Druzhba pipeline crossing western Ukraine. 

Jeffrey Epstein held a retail current account and a savings account at BNP Paribas from 2008 until mid-2018, according to documents released by the U.S. Justice Department and reported by Le Monde.