SANCTIONS

Press Release

Dow Jones Risk & Compliance Wins Best Solution in PEPs, Sanctions Screening

By Editors | 15/12/2020

Dow Jones Risk & Compliance offers comprehensive screening for PEPs, sanctions risk, and adverse media, allowing for integration with existing workflows and providing certainty on risk.

Press Release

SWIFT Recognised for KYC Registry, Sanctions Testing Service

By Editors | 15/12/2020

SWIFT offers a secure platform that streamlines the collection of predefined KYC information, and a service to test FIs’ sanctions screening systems for effectiveness.

Press Release

Cylynx Named ‘One to Watch’ in Blockchain Transaction Monitoring

By Editors | 15/12/2020

Cylynx provides an AI-based automated blockchain monitoring platform that helps cryptocurrency exchanges comply with incoming AML/CTF requirements.

AML / KYC

No Banks Subject to HKAA Secondary Sanctions: US Treasury

By Manesh Samtani | 13/12/2020

In a report to Congress, the Treasury said it has not identified any foreign FIs that “knowingly” conducted significant transactions with the ten individuals sanctioned in October.

Big Picture

APAC Overtook US in AML Penalties For 2020: Fenergo

By Editors | 10/12/2020

APAC has overtaken the US in terms of the value of enforcement actions for the first time since 2015, largely due to the Goldman and Westpac cases.

AML / KYC

US Sanctions Another 14 Chinese Officials Over Hong Kong

By Editors | 08/12/2020

A Chinese foreign ministry spokesperson said Beijing would take “firm counter-measures against the malicious actions by the US”.

AML / KYC

China Imposes Reciprocal Sanctions Against Four US-Linked Individuals

By Editors | 06/12/2020

Four individuals at US-linked nonprofits are barred from entering China, including Hong Kong and Macau, for having “performed badly” over Hong Kong affairs.

AML / KYC

The Increasing Reliance on Data for Sanctioned Securities Screening

By Manesh Samtani | 02/12/2020

The onus often falls on FIs to uncover any links between sanctioned entities and potentially related securities, which can involve a significant data challenge.

AML / KYC

US to Designate Four Companies as Linked to Chinese Military

By Editors | 02/12/2020

The companies that will reportedly be added to the list of companies linked to the Chinese military include chipmaker SMIC and oil giant CNOOC.