All posts tagged "OFAC"
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439AML / KYCOFAC Quietly Blocks Payments with Indirect Links to North Korea – Report
In private communications with banks, OFAC has been blocking usually-permissible payments with any overseas account that officials believe separately handled funds for North Korea.
February 15, 2020 -
1.0KAML / KYCSanctions Screening Short Cuts Not Worth the Risk: Refinitiv
Increasingly aggressive US sanctions policies highlight the need for financial institutions to adopt and implement a sophisticated risk-based approach to compliance.
January 29, 2020 -
1.2KAML / KYCThe Long Arm of the Law
Eric A. Sohn at Dow Jones Risk & Compliance discusses the US’ ability to restrict a firm’s access to correspondent banking services and its financial markets.
August 19, 2019 -
808AML / KYCVideo: What Global Sanctions Compliance Means for Asia
Regulation Asia sat down with SIX's Neil Thomas and Robert Jeanbart to discuss what sanctions monitoring means for financial institutions in Asia.
May 7, 2019 -
1.1KAML / KYCStandard Chartered Fined Over $1bn by US, UK Authorities
Standard Chartered Bank will pay $947mn to US authorities for poor AML controls and sanctions breaches, and $134mn to the UK FCA for AML breaches.
April 11, 2019 -
1.5KAML / KYCAnarchy in the UK’s Sanctions Regime
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.
March 13, 2019 -
4.4KAML / KYCHuman Trafficking and AML: 2019 Could Be a Turning Point for Asian Banks
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.
January 3, 2019 -
3.2KAML / KYCOFAC Highlights Potential Gap in Singapore’s Sanctions Regime
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.
November 15, 2018 -
Securities & Trading
Leveraging Technology for Compliance and Performance
Accuity CEO Hugh Jones describes how advanced systems are revolutionising banks’ ability to meet regulations.
August 19, 2014
