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NEWS: UK uses sanctions against citizen involved with ‘New IRA’ terror group

Premium December 3, 2024

SANCTIONS: The so-called 'New IRA' terrorist groups opposed to the Good Friday Agreement. It has been behind some of the sporadic attacks that have continued in the North, including the murder of journalist Lyra McKee in 2019. File photo shows a service pamphlet is seen next to a laptop during the funeral of journalist Lyra McKee at St. Anne's Cathedral in Belfast, Northern Ireland April 24, 2019. REUTERS/Clodagh Kilcoyne

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NEWS: Norway wealth fund’s watchdog to probe shoemakers, crypto firms over ethics in 2025

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NEWS: ‘Australia had a hole in its AML standards for a long time’ – head of AUSTRAC

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NEWS: Canada’s FINTRAC FIU rolls out ‘AI assistants’ in modernization push

By AML Intelligence Correspondents THE BRITISH Treasury has used counter-terrorism laws to freeze the assets of a man from Northern Ireland, citing his suspected involvement with “terrorist activity” associated with the so-called “New Irish Republican Army.” The UK government said it had “reasonable cause” to suspect that the individual, Brian Sheridan, who was born in…

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Premium

NEWS: Norway wealth fund’s watchdog to probe shoemakers, crypto firms over ethics in 2025

 Premium

NEWS: ‘Australia had a hole in its AML standards for a long time’ – head of AUSTRAC

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NEWS: Canada’s FINTRAC FIU rolls out ‘AI assistants’ in modernization push

Regulatory Watch News

  • Treasury Intensifies Pressure on Iranian Shadow Fleet

    US Department of the Treasury

    WASHINGTON — Today, the United States is imposing sanctions on 35 entities and vessels that play a critical role in transporting illicit Iranian petroleum to foreign markets. This action imposes additional costs on Iran’s petroleum sector following Iran’s attack against Israel on October 1, 2024, as well as Iran’s announced nuclear escalations, building upon the sanctions issued on October 11. Petroleum revenues provide the Iranian regime with the resources to fund its nuclear program, develop advanced drones and missiles, and provide ongoing financial and material support for the terrorist activities of its regional proxies.

  • Financial sanctions update: Counter-Terrorism (Domestic)

    OFSI

    1 entry has been added to the consolidated list under the Counter-Terrorism (Domestic) regime. On 3 December 2024, pursuant to The Counter-Terrorism Regulations, HM Treasury designated the following individual, who is now subject to an asset freeze:

    • Brian Anthony Sheridan (Group ID: 16705)
    This action is the third use of the Treasury-led domestic counter terrorism regime, used to target those who it has reasonable grounds to suspect are involved in terrorist activity.

  • Drug cartel grind to a halt with six major arrests in Colombia

    Europol

    In a long-term investigation supported by Europol, law enforcement authorities from Belgium, Colombia and Spain have dismantled a drug ring orchestrating large-scale cocaine trafficking from Colombia to the EU. The national authorities involved arrested 32 individuals in total, including the leader of the network. Law enforcement also seized 5.8 tonnes of cocaine in Colombia (Cartagena and Baranquilla) and on European soil in Spain (Barcelona and Valencia) and Belgium (Antwerp). The sting was coordinated by Europol’s Operational Taskforce.

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