By Jaclyn Jaeger2021-04-30T15:46:00+01:00
The Department of the Treasury’s Office of Foreign Assets Control (OFAC) on Thursday announced a $34,329 settlement with MoneyGram Payment Systems for 359 apparent violations of multiple sanctions programs.
The 359 transactions totaled $105,627 in value and were processed on behalf of approximately 40 individuals on OFAC’s Specially Designated Nationals and Blocked Persons List (SDN List), as well as two individuals who initiated transactions linked to Syria.
OFAC determined the case to be “non-egregious.”
The details: Over a three-year period from March 2013 to April 2016, MoneyGram provided money transfer services to inmates as allowed by the Department of Justice’s Federal Bureau of Prisons (BOP). However, OFAC noted, the company did not screen inmates against the SDN List between March 2013 and January 2015, believing this was not expected under the BOP program.
Friday, April 23, 2021
On April 15, 2021, the US announced a marked expansion of sanctions against Russia and President Biden issued a new Executive Order authorizing the imposition of yet more sanctions. The sanctions include restrictions on certain transactions involving Russian sovereign debt, as well as the designation of 46 individuals and entities implicated in Russia’s annexation of Crimea, foreign election interference and the SolarWinds cyberattack. The new Executive Order provides broad authority to impose additional sanctions should the Biden Administration decide to do so.
Executive Order 14024
Executive Order 14024 Blocking Property With Respect to Specified Harmful Foreign Activities of the Government of the Russian Federation, authorizes sanctions on a range of persons, including, among others, those operating in the technology and defense and related materiel sectors of the Russian Federation economy, and in any additional sectors of the Russian Fe
April 24, 2021 @ 12:19 pm By Omar Faridi
Last week, the US sanctioned several groups and individuals because of their alleged association with “disinformation” campaigns that were reportedly coordinated by the Russian government.
Blockchain analysis firm
Chainalysis points out that a few of the sanctioned utilized virtual currency in their “criminal endeavors,” and their crypto wallet addresses were included in their entries on
OFAC’s Specially Designated Nationals and Blocked Persons List (SDN List).
As noted by Chainalysis, the case should serve as a reminder of the “sanctions risk” that exists where “adversarial” governments take advantage of digital currency, however, disinformation campaigns are not the only example. According to Chainalysis, ransomware attacks may also “carry a risk of sanctions violations.”
any other sector of the Russian economy;
Harmful Interference:
Engaged or attempted to engage in certain harmful foreign activities for the benefit of the Russian government, such as cyber activities, U.S. election interference, assassination attempts etc.;
High Level Officials:
Past or current leader, official, senior executive officer or board member of the Russian Government or other entities described in (2) above;
Government Agency:
Family Members:
Spouse or adult child of any person whose property and interest in property are blocked pursuant to (2) or (3) above;
Material Support:
Persons who provide material support for any activity described in (2) above or any person blocked pursuant to this E.O.;
Dear Shareholders, On behalf of the board ( Board ) of directors ( Directors ) of Austar Lifesciences Limited ( Company ), I am pleased to present the annual report of the Company and its subsidiaries (collectively as the Group or AUSTAR ) for the year ended 31 December 2020 ( Year ). The year 2020 has been a challenging year for any individual, company and organization under the impact of the COVID-19 pandemic and its consequential policies. From a global perspective, the pandemic has not been slowing down even though China s pandemic conditions had become far stable and under extraordinary control. Under such conditions, the Group has been reacting, responding and acting during such extraordinary moments. Our colleagues could never have believed they were able to deliver our critical utilities and bioprocess systems to our COVID-19 vaccine manufacturer clients within 3 months from order to completion of installation and commissioning with construc