SANCTIONS

    AML / KYC

    Anarchy in the UK’s Sanctions Regime

    By Eric A. Sohn | 13/03/2019

    In light of the OFSI’s recent fine on Raphaels Bank, Eric Sohn at Dow Jones Risk & Compliance looks at other seemingly outsized penalties, and what they could mean.

    AML / KYC

    Data Privacy, Cybersecurity, Conduct in Focus in APAC

    By Manesh Samtani | 14/02/2019

    Data privacy, conduct & culture, cybersecurity and AML will be in focus in APAC for the next three years, according to a new report from Fenergo.

    Big Picture

    Board, Compliance Engagement Lacking in Technology Adoption

    By Manesh Samtani | 07/02/2019

    Financial services firms lack engagement from boards and risk and compliance functions, according to a new survey from Thomson Reuters Regulatory Intelligence.

    AML / KYC

    Wolfsberg Group Publishes New Guidance on Sanctions Screening

    By Editors | 29/01/2019

    It aims to show where sanctions screening can be an effective part of a wider sanctions compliance programme, where it has limitations, and where a risk based approach is appropriate.

    AML / KYC

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

    By Nick Turner | 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

    Hong Kong Not Obliged to Enforce US Sanctions – Report

    By Editors | 13/12/2018

    Hong Kong is not obliged to enforce unilateral sanctions imposed by individual jurisdictions including the US, a senior official said in regards to Huawei’s alleged dealings with Iran.

    AML / KYC

    Hong Kong Asked to Bolster Sanctions Enforcement Amid Huawei Dispute

    By Manesh Samtani | 11/12/2018

    US officials have asked Hong Kong to bolster sanctions enforcement as Huawei’s deputy chairwoman stands accused of violating Iran sanctions through a Hong Kong shell company.

    AML / KYC

    Overcoming the Challenges of Cross-Jurisdictional Customer Onboarding

    By Claus Christensen | 28/11/2018

    A digital-first approach to customer onboarding can protect companies from internal delays, customer dissatisfaction, hefty regulatory fines and reputational risk, says Claus Christensen.

    AML / KYC

    Japan’s MUFG in Ongoing AML Probe by New York Regulators

    By Manesh Samtani | 23/11/2018

    The probe has been ongoing since late 2017, where MUFG is alleged to have intentionally ignored internal controls meant to prevent it doing business with sanctioned entities.

    AML / KYC

    OFAC Highlights Potential Gap in Singapore’s Sanctions Regime

    By Eric A. Sohn | 15/11/2018

    Singapore can do more to prevent sanctions violations by domestic firms playing out on the international stage, says Eric A. Sohn at Dow Jones Risk & Compliance.

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