All posts tagged "Sanctions"
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79AML / KYCAustralia Jails Sydney Man for Breaching North Korea Sanctions
The AFP uncovered evidence that the man was generating income for North Korea's government by facilitating the transfer of various commodities to and from the country.
July 28, 2021 -
158AML / 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 -
95AML / KYCUS, Switzerland Announce New Sanctions Against Myanmar
The Treasury has sanctioned 22 more individuals connected to Myanmar's military, while the Department of Commerce added four companies to its Entity List.
July 7, 2021 -
140FeatureSFC Sets Out Key Priorities in Annual Report
The SFC is implementing a number of projects that seek to leverage new technologies to enhance risk detection and workflow efficiency.
July 3, 2021 -
230AML / 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 -
360AML / KYCDigital Identity: A Sound Model for Risk Mitigation
Lax attitudes towards security by consumers have made it increasingly important for banks to take advantage of digital identity systems and put in place robust security measures.
June 29, 2021 -
80AML / KYCCBA Contractors May Have Cut Corners on Compliance Tasks
Contract workers reportedly had to cut corners on compliance tasks to meet their KPIs, including by copy and pasting text from templates to fill reports sent to AUSTRAC.
June 29, 2021 -
151AML / KYCNAB Contract Workers Received Little AML Training: Report
The revelation comes follows AUSTRAC's launch of a formal enforcement investigation into NAB earlier this month.
June 18, 2021 -
264AML / KYCChina Passes Anti-foreign Sanctions Legislation
Countermeasures can be taken against senior managers and actual controllers of firms included on the anti-sanctions list, as well as their family members.
June 14, 2021 -
173AML / KYCPhilippine AMLC Amends AML/CTF Guidelines for DNFBPs
The revisions broaden the scope to include newly covered persons and add a new section on the implementation of the targeted financial sanctions, among other changes.
June 11, 2021
