Sanctions

AML / KYC

Adoption of Anti-Sanctions Law in Hong Kong Deferred – Reports

By Sanday Chongo Kabange | 25/08/2021

Hong Kong’s delegate to the NPC Standing Committee Tam Yiu-chung says the vote was delayed pending further study.

Market Infrastructure

Australia Consults on Disciplinary Body for Financial Advisers

By Editors | 11/08/2021

The government is consulting on regulations to support the establishment of the single disciplinary body that will form part of the new regime for financial advisers.

AML / KYC

North Korea Continues to Evade Sanctions – Report

By Editors | 10/08/2021

A draft report by a UN panel of experts says North Korea has continued to evade sanctions through open sea ship-to-ship transfers and other means.

AML / KYC

Good Intentions: The FATF Faces Its Own Unintended Consequences

By Tom Keatinge | 08/08/2021

The FATF’s unintended consequences study will point to necessary reforms that the watchdog will be unwilling to undertake.

AML / KYC

Australia to Introduce Magnitsky-style Sanctions Law

By Manesh Samtani | 08/08/2021

Australia will be able to impose targeted financial sanctions and travel bans against individuals and entities without the need for specific country-based regimes.

AML / KYC

China’s Opposition to Cryptocurrency is Ideological – Report

By Manesh Samtani | 05/08/2021

A new Chainalysis report explains China’s crackdown on cryptocurrency, the country’s role in crypto-related crime, and the implications of a digital yuan.

AML / KYC

Philippine AMLC Issues Guidance on TFS Delisting, Unfreezing Orders

By Sanday Chongo Kabange | 02/08/2021

Designated persons shall apply to the AMLC for authorisation if they wish to deal with or access funds or assets that are frozen due to targeted financial sanctions.

Sanctions

State Street Updates TraHK Prospectus as US Sanctions Take Effect

By Sanday Chongo Kabange | 01/08/2021

In an addendum, State Street says TraHK units will not be offered or sold in the US or to US persons located outside the US.

AML / KYC

Crypto to Become One of the ‘Safest Environments Ever’

By Manesh Samtani | 28/07/2021

Experts discuss regulatory fragmentation, rapid travel rule adoption, and good compliance practices for VASPs.