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Regulatory Watch News

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  NCA secures first Unexplained Wealth Order in Northern Ireland

  National Crime Agency

  May 17, 2024

  The National Crime Agency (NCA) has secured the first Unexplained Wealth Order in Northern Ireland against a man suspected of involvement in serious organised crime. The Order compels the man and his wife to explain the source of funds used to construct a property in County Armagh worth approximately £275,000. It was obtained at the High Court in Belfast on Friday (17 May) as part of an ongoing NCA civil recovery investigation.

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  Financial sanctions update: DPRK, Russia, DRC, ISIL (Da’esh) and Al-Qaida & Burundi

  OFSI

  May 17, 2024

  On 17 May 2024 the Foreign, Commonwealth and Development Office updated the UK Sanctions List on GOV.UK. This list provides details of those designated under regulations made under the Sanctions Act.  The following entries have been added to the Democratic People’s Republic of Korea financial sanctions regime and are now subject to an asset freeze: 

  • Aleksey Mikhailovich Vorotnikov (Group ID: 16499) 
  • Paekyangsan Shipping Co Ltd (Group ID: 16495) 
  • Toplivo Bunkering Company (Group ID: 16496) 

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  Treasury Sanctions Nicaragua-Based Russian Institution and Gold Companies

  OFAC

  May 15, 2024

  WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) is targeting the Ortega-Murillo regime’s repression of the Nicaraguan people and its ability to manipulate the gold sector and profit from corrupt operations. Treasury is imposing sanctions on three Nicaragua-based entities, the Training Center of the Russian Ministry of Internal Affairs in Managua (RTC); Compania Minera Internacional, Sociedad Anónima (COMINTSA); and Capital Mining Investment Nicaragua, Sociedad Anónima (Capital Mining), pursuant to Executive Order (E.O.) 13851, as amended.