EU Regulation 2023/152/EU has added 37 entries to the EU sanctions lists following human rights abuses in the wake of protests in Iran, and the widespread and disproportionate use of force by the Iranian security forces against non-violent protestors.
On 23 January, OFAC designated the Islamic Revolutionary Guard Corps (IRGC) Cooperative Foundation, 5 of its board members, the Iranian Deputy Minister of Intelligence and Security, and 3 IRGC officers. A State Department explains that the listings are for human rights abuses.
On 23 January, a Notice from HM Treasury advised that 7 persons had been added to the Iran human rights sanctions list. They are 5 individuals, plus the BASIJ RESISTANCE FORCE and BASIJ COOPERATIVE FOUNDATION.
On 23 January, EurActiv reported that a mutual evaluation report from MONEYVAL highlights key vulnerabilities in Monaco’s measures against money laundering and the country risks being placed under intense scrutiny by FATF. The report is said to say that it faces significant money laundering risks, mostly due to the “internationally oriented financial activities” that are being offered – and that the Principality is a “prime target” for illicit cross-border financial flows, and that, in most cases, frauds are committed abroad, while the proceeds of the crime are laundered in Monaco.
MONACO REACTS SWIFTLY TO MONEYLAUNDERING COMPLIANCE REPORT