All posts tagged "Sanctions"
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275Asia-PacificPhilippine SEC Proposes New Rules for REITs
The SEC hopes to develop a viable REIT market to provide funding for infrastructure projects and investment opportunities for local investors.
October 10, 2019 -
881AML / KYCAPG Publishes Final Mutual Evaluation Report for Taiwan
Taiwan has achieved very significant progress in a short period of time, and supervisors have significantly influenced compliance in a positive way, the APG says in its mutual evaluation report.
October 3, 2019 -
279Asia-PacificBSP Enhances Rules on Voluntary Surrender of Banking Licences
The guidelines are aimed at improving protections for depositors and creditors of banks that have decided to cease operations.
September 25, 2019 -
896AML / 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 -
585AML / KYCUN Report: North Korea Still Accessing International Financial System
The report says North Korea has amassed $2bn from cyberattacks on banks and crypto exchanges, and that it has about 30 overseas representatives helping it evade sanctions.
August 9, 2019 -
920AML / KYCWhistleblowers Allege SCB Cleared $57bn in Iran Transactions
Whistleblowers reportedly claim that Standard Chartered Bank cleared more transactions in violation of Iran sanctions than the US government had used as its basis for fines issued in April.
July 22, 2019 -
866Asia-Pacific
Philippine SEC Consults on Draft Rules for Digital Asset Exchanges
The rules specify capital requirements of PHP 100mn, plus 12 months of operating expenses, and allow digital asset exchanges in the Philippines to be set up by foreign-registered entities.
July 19, 2019 -
782AML / KYCThe FATF Should Embrace the Opportunity to Reform
The FATF needs to recognise that it should be more transparent and be able to provide greater assurance of independence and oversight, says RUSI’s Tom Keatinge.
July 1, 2019 -
515EnforcementMUFG Bank Reaches Settlement with New York State Regulator
The agreement settles claims relating to MUFG's switch from state to federal oversight in November 2017, as New York regulators asserted continuing regulatory authority.
June 28, 2019 -
612AML / KYCUS Court Finds Chinese Banks in Contempt in Sanctions Probe
A US district court has reportedly found three Chinese state-owned banks in contempt for failing to comply with requests for evidence related to a North Korea sanction probe.
June 26, 2019
