All posts tagged "Sanctions"
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274AML / KYCHKAA Sanctions Impact ‘Relatively Muted’, For Now: IIF
One of the main concerns for Chinese banks is that a loss of access to dollar finance could hamper their ability to lend to corporate customers that rely on USD financing.
October 30, 2020 -
809AML / KYCFATF Adopts Measures to Mitigate Proliferation Financing Risk
The changes are aimed at ensuring FIs and DNFBPs do not unwittingly support or become part of proliferation financing networks or schemes.
October 26, 2020 -
506AML / KYCOFAC Settles Iran Sanctions Case with Berkshire Hathaway
A Berkshire subsidiary knowingly exported cutting tools and related inserts to Turkish distributors to then be shipped to a distributor in Iran for resale to Iranian end-users.
October 21, 2020 -
1.7KAML / KYCSoW/SoF Checks: What Does Good Look Like?
Regulation Asia spoke to financial crime compliance experts about the ongoing effort required to achieve and maintain high standards for source of wealth and source of funds checks.
October 18, 2020 -
448AML / KYCAPG Releases First Follow-up Report on Pakistan
The APG says Pakistan has been re-rated from 'partially compliant' to 'compliant' on Recommendation 29 and has made progress on Recommendation 1.
October 18, 2020 -
990AML / KYCHKAA Sanctions Mark Formal Warning to Global Banks
International financial institutions conducting 'significant transactions' with the ten sanctioned individuals could face secondary sanctions.
October 16, 2020 -
1.3KEnforcementRegTech Asia 2020: Sanctions & PEPs Screening
What role do data and technology play in protecting financial institutions from exposure to the risks associated with sanctions and PEPs?
October 13, 2020 -
673AML / KYCUS Imposes Sanctions Against 18 Iranian Banks
FIs transacting with the sanctioned banks after a 45-day wind-down period may expose themselves to secondary sanctions or be subject to an enforcement action, Treasury said.
October 12, 2020 -
1.8KAML / KYCRansomware Payments May Breach OFAC Regulations
OFAC makes clear in a new advisory that it may impose civil penalties if ransomware payments are made to sanctioned individuals or entities.
October 4, 2020 -
1.2KAML / KYCThe New Cold War Is Financial
Banks and financial infrastructure are emerging as an expanding front in geopolitics, writes RUSI’s Tom Keatinge.
September 29, 2020
