All posts tagged "North Korea"
-
888AML / KYCDPRK Sanctions Evasion Not Being Captured by Regulation
Gatekeeper professions play an important role in facilitating North Korean sanctions evasion, RUSI says in a new paper.
January 7, 2022 -
197AML / KYCSingapore Court Fines Man for Falsifying North Korea Invoices
The business dealings were not in violation of sanctions regulations but the falsification of invoices to conceal them from banks has resulted in a S$210,000 fine.
October 26, 2021 -
328AML / KYCPhilippine SEC Disseminates Guidance on Targeted Financial Sanctions
The guidance now covers targeted financial sanctions related to terrorism, terrorism financing, and proliferation financing, including remedies and relevant UNSC links.
September 13, 2021 -
389AML / KYC
North Korea Continues to Evade Sanctions – Report
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.
August 11, 2021 -
458AML / KYCFATF Issues Guidance on Mitigating Proliferation Financing Risk
The guidance highlights the need for effective onboarding processes, ongoing monitoring, staff training, risk management, sanctions screening, and a strong compliance culture.
June 30, 2021 -
1.2KAML / KYCAddressing Sanctions Risk in Maritime Trade
Banks facilitating transactions involving maritime trade must put in place systems and processes to detect illicit activity that could result in a breach of sanctions regulations.
June 2, 2021 -
358AML / KYC
First North Korean Set to Face US Money Laundering Charges
Extradited to the US two years after his arrest in Malaysia, the North Korean national will face charges for money laundering, evading sanctions, and defrauding banks.
March 25, 2021 -
596AML / KYCEU Sanctions Officials from China, Myanmar, Others
The EU, US, UK and Canada all imposed sanctions against Chinese officials and entities on Monday, citing human rights abuses in Xinjiang.
March 23, 2021 -
576AML / KYCOFAC Settles Sanctions Case Against Crypto Payments Processor BitPay
BitPay is said to have enabled individuals in sanctioned jurisdictions to engage in $129,000 worth of digital currency-related transactions with its merchant customers.
February 21, 2021 -
296AML / KYCRBI Limits Investment in NBFCs from FATF Non-compliant Jurisdictions
Investors from black-listed or grey-listed FATF jurisdictions will not be allowed to acquire ‘significant influence’ in NBFCs, the RBI said.
February 15, 2021
