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