Thursday, December 31, 2020
The United Kingdom (UK) approved its second COVID-19 vaccine this week, while the European Union (EU) moved forward quickly with distribution of its first-approved vaccine to its Member States. United States (US) President Donald Trump signed another COVID relief measure linked to an Omnibus appropriations bill late on Sunday, after objecting initially to a number of provisions and calling for additional congressional action, which has kept the US Congress in Washington this week.
On the eve of Christmas Day, the UK and EU secured a deal outlining terms for the two trading partners after Britain exits the Customs Union on 31 December. This week, the EU also secured a deal with the People’s Republic of China (“China” or “PRC”) that addresses investments. Meanwhile, the US Government unveiled its new Aluminum Import Monitoring and Analysis (AIM) system and released two reports – one focused on human trafficking in the seafood su
BitGo settles with US Treasury over sanctions violations in Iran, Syria and Cuba The settlement repeats the Treasury s message that crypto companies will need to know their customers. 9484 Total views News
The U.S. Treasury has settled with BitGo over charges that it facilitated users in sanctioned areas to transact using its crypto wallet services between 2015 and 2019.
BitGo, an institutional crypto custodian service and wallet operator, did not do due diligence in blocking wallet users based in Crimea, Cuba, Iran, Sudan and Syria, said the Treasury s Office of Foreign Asset Controls in a Dec. 30 announcement. OFAC said of BitGo: BitGo failed to exercise due caution or care for its sanctions compliance obligations when it failed to prevent persons apparently located in sanctioned jurisdictions to open accounts and send digital currencies via its platform as a result of a failure to implement appropriate, risk-based sanctions compliance controls.
This is a contributed article by Ben Carr, Chief Information Security Officer, Qualys.
The role of CISO is changing as security is treated less and less as a silo. Businesses are starting to see that in order to protect their organisation they need a true business leader in the role. In an unprecedented year, the CISO has had to make many decisions very quickly that both align with the business while maintaining good risk tolerance and policy.
This is unlikely to change in 2021, where they will face budget stress, new risks and a new work economy. For CISOs, what will 2021 hold, and where should they put their efforts to have the most impact?
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On December 14, 2020, the United States
imposed sanctions on the Republic of Turkey s
Presidency of Defense Industries ( SSB ), the
country s defense procurement agency, and four senior officials
at the agency, for knowingly engaging in a significant
transaction with Rosoboronexport ( ROE ),
Russia s main arms export entity, in procuring the S-400
surface-to-air missile system. These measures were a long-time
coming under
Section 231 of the Countering America s
Adversaries Through Sanctions Act ( CAATSA ) of 2017, the
President has been
required to impose sanctions
on any person determined to have knowingly engage[d] in a
US sanctions Syria s Central Bank, 9 other entities, 7 individuals ANI | Updated: Dec 23, 2020 00:14 IST
Washington [US], December 23 (ANI/Sputnik): The United States has added Syria s Central Bank, seven Syrians including a high-ranking official and nine Syrian entities to its Specially Designated and Nationals and Blocked Persons List (SDN List), the Treasury Department announced in a press release on Tuesday. The US Department of the Treasury s Office of Foreign Assets Control (OFAC) sanctioned a high-ranking official in the Syrian government; her husband, a member of the Syrian People s Assembly; and their business entities, the release said. In total, OFAC added two individuals, nine business entities, and the Central Bank of Syria to the SDN List, pursuant to Syria sanctions authorities.