In the latest edition of our Sanctions Watch weekly digest, we bring you important updates on sanction watchlists and regulatory developments.

The United Kingdom’s Foreign, Commonwealth & Development Office has implemented new legislation to impose restrictions on UK lawyers, preventing them from advising Russian companies in specific business deals. This includes trade agreements involving global corporations and international money lending.

The Financial Action Task Force (FATF) has made noteworthy changes to its ‘Gray List.’ Croatia, Cameroon, and Vietnam are now included on this list, which identifies countries with strategic deficiencies in their frameworks for anti-money laundering and counter-terrorist financing. Furthermore, the FATF has urged countries to enhance their regulatory oversight of cryptocurrency platforms.

In a significant collaborative effort to bolster global security, the US Department of Commerce’s Bureau of Industry and Security has partnered with the intelligence alliance known as the Five Eyes. This alliance consists of Australia, Canada, New Zealand, and the UK. Their joint commitment involves coordinating and strengthening the enforcement of export control measures.