AML / KYC

Typhoon Trump: Hong Kong Braces for US Sanctions

08/06/2020

Nick Turner at Steptoe & Johnson discusses how sanctions could be imposed against Hong Kong. While current signs point to a limited US response, it’s best to be prepared.

AML / KYC

US Prosecutors Target Foreign Bank Records in North Korean Cyber Hunt

05/05/2020

US authorities may be signalling their intent to increasingly use the PATRIOT Act to gain access to foreign bank records in DPRK sanctions investigations, says Nick Turner at Steptoe & Johnson.

AML / KYC

Financial Quarantine: Understanding FATF’s Call for Action on Iran

02/03/2020

Nick Turner at Steptoe & Johnson explains the implications of the FATF’s recent decision to return Iran to its so-called ‘blacklist’.

AML / KYC

Human Trafficking and AML: 2019 Could Be a Turning Point for Asian Banks

03/01/2019

Banks will need to adapt existing AML programmes to include new monitoring scenarios and train staff to recognise human trafficking red flags, says Nick Turner at Clifford Chance.

AML / KYC

Maximum Pressure: US, HK Act to Firm Up North Korea Sanctions

25/06/2018

Despite the glad-handing between Donald Trump and Kim Jong-un in Singapore earlier this month, the legal landscape surrounding North Korea sanctions remains unchanged since March 2018. AML (anti-money laundering) risks will remain a focus of attention in Hong Kong and elsewhere.