Sanction Scanner Blog

Sanctions imposed on Russia in the aftermath of the 2022 Russian invasion of Ukraine have prompted Russian cybercriminals to devise innovative methods of breaking past the barriers and continuing to launder money.

Danske Bank was fined €1,820,000 by the Central Bank of Ireland on 13 September for three violations of the Criminal Justice (Money Laundering & Terrorist Financing) Act 2010 (CJA).

With the growth of e-commerce, Card-Not-Present (CNP) is also growing. Card-Not-Present (CNP) is a type of fraud that occurs when the seller receives customer information remotely rather than in person.

The Dutch government pursues an approach that recognizes that the usage of illicit substances is an unavoidable part of life in today's culture and embraces this reality. The official responses are geared on mitigating the damage done to individuals and the community. The amended Opium Act of 1976 serves as the foundation for the nation's drug policy.

As access to social media expands and its influence increases, terrorist organizations have started to carry out more than 90% of internet-based terrorist acts through social media.

Bank for International Settlements (BIS) published a report on API standards for data-sharing (account aggregator). The report underlines the importance of APIs for the industry and encourages open banking.

US Department of the Treasury's FinCEN fine the first violation of Geographic Targeting Order (GTO) on March 31, 2022. Here you can find information about Fincen and Bank Secrecy Act.

OFAC issued guidance on sanctions compliance for instant payment systems, emphasizing a risk-based approach and innovative technologies.

Basel Institute on Governance released the 11th Basel AML Index, assessing ML/TF risks of countries for 2022 using its methodology. The report publicly evaluates risk values on a scale of 1 to 10 for each country.