All posts tagged "OFAC"
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171AML / KYCChina Names First Targets of Anti-Foreign Sanctions Law
China has sanctioned former US Secretary of Commerce Wilbur Ross, 5 other individuals, and a nonprofit organisation.
July 26, 2021 -
153AML / KYCUS Government Warns Of Rising Business Risk in Hong Kong
A business advisory from four US government agencies says US firms should be aware of the risks they face if they continue operating in Hong Kong.
July 18, 2021 -
231AML / KYCUS Court Lifts Investment Ban Against Luokung Technology Corp
Separately, China Mobile, China Unicom and China Telecom have lost their appeals of a NYSE decision to delist their shares.
May 11, 2021 -
296AML / KYCOFAC Penalises MoneyGram & SAP for Sanctions Violations
In both cases, OFAC cited voluntary self-disclosures, the non-egregiousness of the violations, and remedial action as the reasons for the penalty amounts.
May 5, 2021 -
374AML / KYCUS Sanctions Holding Companies Backing Myanmar Military
The new sanctions target the Myanmar military’s control of significant segments of the country's economy, which is a vital financial lifeline for the military junta.
March 26, 2021 -
819AML / KYCStress Testing Your Sanctions Screening Effectiveness
Independent testing can serve as a functional, scientific and transparent approach to bolster the effectiveness and efficiency of sanctions screening systems.
March 18, 2021 -
314AML / KYCUPDATED – US Federal Judge Lifts Investment Ban Against Xiaomi
The judge said there was no evidence of Xiaomi sharing information with the Chinese government, and that the ban deprived the company of its right to due process.
March 17, 2021 -
326AML / KYC
OFAC Sanctions Adult Children of Myanmar Military Leader
The two adult children of the commander-in-chief of Myanmar’s military, Min Aung Hlaing, and six of their companies, have been designated by OFAC.
March 12, 2021 -
285ChinaNYSE Announces Decision to Delist Chinese Oil Major CNOOC
The decision was made in light of Executive Order 13959, which was signed in November, and updated guidance provided by OFAC in January.
March 1, 2021 -
4.9KAML / KYCFinancial Crime Challenges and Opportunities for the Year Ahead
Financial crime compliance experts Radish Singh, Richard Carrick, Oonagh van den Berg and Michael Meadon discuss challenges and opportunities for the year ahead.
February 24, 2021
