RegtechTimes

08/10/2024

https://regtechtimes.com/espionage-threats-proactive-us-counterintelligenc/

08/09/2024

https://regtechtimes.com/turkeys-military-linked-exports-us-warns-of/

Turkey’s military-linked exports are now a focal point of concern for the United States, which has issued a stern warning about potential "consequences" if

08/08/2024

https://regtechtimes.com/samsung-smartphones-olympics-sanctions-dilemma/

At the Olympics 2024 sponsors distributed the Samsung Smartphones to North Korean players which may have violated UN sanctions

04/02/2024

In response to Russia's recent veto of a UN Security Council resolution aimed at extending the mandate of a panel monitoring sanctions against North Korea, South Korea has taken a decisive step by imposing sanctions on Russian entities and individuals involved in facilitating North Korea's illicit dispatch of IT workers. This move signifies a significant escalation in efforts to curb Pyongyang's evasion of international sanctions, particularly amidst growing concerns over North Korea's nuclear ambitions and its strengthening partnership with Russia....

South Korea Sanctions Against Russia is a bold step against North Korean Aggression

03/30/2024

The report from Iran International indicated that the European Union is considering delisting ArvanCloud from its sanctions list. However, this decision is pending confirmation, according to a source close to European diplomats. ArvanCloud has taken steps to contest its sanctions, including filing a complaint with the European Court of Justice and lobbying European governments through political channels. Additionally, the company announced the termination of its contract with the Ministry of Communications and Information Technology of Iran....

The report from Iran International indicated that the European Union is considering delisting ArvanCloud from its sanctions list. However, this decision is

03/30/2024

China has played a pivotal role in aiding both Russia and Iran in circumventing Western sanctions. China walks a tightrope between economic interests and geopolitical realities. It seeks to maintain stable relations with both Iran and the United States. Supporting Russia and Iran’s oil trade while avoiding confrontation with US sanctions requires delicate maneuvering. Oil Market Facilitation China has become a crucial alternative market for Russia and Iran’s restricted oil exports....

Teapot refineries are small, independent oil refineries in China. They are called “teapots” because they are smaller in scale compared to the large

03/30/2024

Huawei Technologies, the Chinese multinational technology giant, has been at the center of geopolitical tensions between the United States and China. The US government’s sanctions and export controls have significantly impacted Huawei’s operations, financials, and global standing. In this article, we delve into the effects of these sanctions on Huawei and how the company has navigated through adversity. Before the sanctions, Huawei was a rising star in the tech world....

Read about the Huawei Technologies Sanctions and the financial results it posted due to Chinese Government Support

03/30/2024

In a surprising turn of events, BX SERVICES LIMITED, purportedly associated with Binance, withdrew its application for a cryptocurrency exchange license in Hong Kong. This withdrawal, confirmed by the Securities and Futures Commission (SFC) of Hong Kong, was initiated on March 28, leaving industry insiders speculating about the underlying reasons. Possible factors behind this decision could include requests for alterations in auditing arrangements or deficiencies in the application documentation....

In surprising turn of events Binance withdraws from the process of licensing in Hongkong

03/30/2024

In a significant development, Nigeria's government has accused Binance, a prominent player in the cryptocurrency exchange sphere, of involvement in money laundering activities to the tune of $35.4 million. This accusation comes amidst an escalating conflict between the nation and the crypto exchange, shedding light on deeper regulatory and legal issues surrounding the crypto industry in Nigeria. The Economic and Financial Crimes Commission (EFCC), Nigeria's anti-corruption police, has lodged a case against Binance and two of its executives, Tigran Gambaryan and Nadeem Anjarwalla, with allegations outlined in court documents....

Nigeria Slams $35 million penalty on Binance and accuses them of tax evasion in Nigeria

03/29/2024

Recent incidents involving ransomware attacks have drawn attention to the escalating threat posed by cyberattacks in India, particularly within the manufacturing sector. Reports by various cybersecurity entities have highlighted a surge in ransomware and malware attacks across the country. Despite this trend, only a limited number of organizations have implemented formal ransomware contingency plans, with some opting to fulfil ransom demands....

Ransomware Attacks 2024 Targeting the Indian Brands Like Polycab, Motilal Oswal etc shows the gravity of the cybersecurity problem

03/29/2024

When a country faces sanctions, it often seeks alternative means to maintain its trade and evade the restrictions. Belarus, for example, faced sanctions imposed by the USA, which affected its timber trade. Timber was a significant source of revenue for Belarus, with exports primarily directed towards European countries. Sanctions Evasion Techniques To circumvent the sanctions and continue its timber trade, Belarus likely explored various strategies....

Belarus Timber trade is getting re-routed through Poland and Kyrgyzsthan and other Central Asian Countries.

03/28/2024

The United States has imposed sanctions on 11 individuals and entities for their involvement in aiding financial crimes, drug trafficking, and the exploitation of Syrian resources by President Bashar Al-Assad's regime. The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) highlighted Syria's role as the leading producer and exporter of Captagon, a powerful stimulant popular in the Middle East and Europe....

OFAC Sanctioned 11 Individuals and 2 Money Exchanges in the action against Captagon Trade players funding the Assad Regime

03/28/2024

The Royal United Services Institute has released a report titled "Maintaining North Korea Sanctions in the Era of Decentralized Finance." This report dives deep into the intricate world of cryptocurrency mixers and the challenges they pose to international sanctions. It exposes North Korea's involvement in cybercrime and its use of mixers to launder illegally obtained cryptocurrency. What is RUSI?...

The Royal United Services Institute has released a report titled "Maintaining North Korea Sanctions in the Era of Decentralized Finance." This report dives

03/28/2024

In a recent move targeting oil tankers allegedly breaching price caps, the US imposed sanctions on Sovcomflot, Russia’s state-owned shipping giant, and 14 associated tankers on February 23. This action follows similar measures taken against other shippers involved in transporting Russian oil in recent months. Notably, many of the sanctioned tankers have supplied oil to Indian refiners over the past year, according to ship tracking data....

03/28/2024

Department of the Treasury’s Office of Foreign Assets Control (OFAC) took action against individuals and entities involved in fundraising for the terrorist group known as Hamas. Following the October 7, 2023 terrorist attack on Israel perpetrated by Hamas, Gaza Now engaged in fundraising activities to support the group. What is Gaza Now? Gaza Now News Network is a Hamas-aligned Palestinian news agency based in Gaza....

OFAC took action against Gaza Now the supporters of terrorist attack on Israel in October 2023

03/28/2024

Pipeline Sanctions is the new game in geopolitics. The US State Department has declared its opposition to Pakistan's proposal to construct a pipeline for importing gas from Iran. A spokesperson for the State Department declined to specify the potential sanctions Pakistan might face for its energy imports from Iran. However, the spokesperson warned Islamabad against proceeding with the plan. "We always advise everyone that doing business with Iran runs the risk of touching upon and coming in contact with our sanctions, and would advise everyone to consider that very carefully," said the spokesperson, emphasizing the US's disapproval of the pipeline project....

Pipeline Sanctions is the new game in geopolitics. The US State Department has declared its opposition to Pakistan's proposal to construct a pipeline for importing gas from Iran. A spokesperson for the State Department declined to specify the potential sanctions Pakistan might face for its energy im...

03/28/2024

The United States unveiled sanctions targeting six North Korean bankers and two entities across Russia, China, and the United Arab Emirates for their alleged involvement in funneling funds towards North Korea's weapons development initiatives. Who is sanctioned? Acting in tandem with South Korea, the U.S. Treasury Department identified the individuals as Yu Pu Ung, Ri Tong Hyok, Han Chol Man, O In Chun, Jong Song Ho, and Jon Yon Gun....

The United States Unveilled Sanctions against 6 north korean bankers and two other entities from Russia, China and UAE links.

03/11/2024

Indian netizens are urged to become vigilant in the fight against cybercrimes through the newly launched "Chakshu" portal. This citizen-driven initiative under the Sanchar Sathi program by the Government of India's Department of Telecommunications aims to combat the rising instances of cyber frauds. Through this portal, individuals can report suspicious calls or messages received from unknown or suspicious numbers, helping to identify and mitigate potential threats....

Indian netizens are urged to become vigilant in the fight against cybercrimes through the newly launched "Chakshu" portal. This citizen-driven initiative