All posts tagged "Sanctions"
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100AML / KYCSingapore Court Fines Man for Falsifying North Korea Invoices
The business dealings were not in violation of sanctions regulations but the falsification of invoices to conceal them from banks has resulted in a S$210,000 fine.
October 26, 2021 -
185AML / KYCUS Signals More Balanced Approach to Sanctions Policy
The US will move to a sanctions policy that is more clearly linked to policy objectives and reduces harm caused to individuals and businesses.
October 23, 2021 -
128AML / KYCFATF Keeps Pakistan on Grey List with 4 Action Items Outstanding
Marcus Pleyer said "there is no discussion on blacklisting Pakistan" as its government has demonstrated a "clear commitment" and is cooperating with the FATF.
October 22, 2021 -
273AML / KYC
OFAC Issues Sanctions Guidance for Crypto Sector
OFAC expects virtual currency operators to identify and block IP addresses that originate in sanctioned jurisdictions, including via VPNs.
October 18, 2021 -
265FeatureG7 Ministers to Endorse Guiding Principles for CBDC – Report
The principles call for appropriate regulation and oversight, rigorous privacy and data protection standards, and safeguards to prevent fraud and sanctions evasion.
October 13, 2021 -
278AML / KYCFATF Re-rates China on Six Recommendations
The FATF acknowledges work underway to revise China's AML laws to bring DNFBPs into scope and set a foundation for a new beneficial ownership regime.
October 11, 2021 -
195ChinaEvergrande Poses No Threat to Hong Kong Stability: Paul Chan
Evergrande accounts for just 0.05 percent of local banking assets. Trading in the company's shares was suspended on Monday ahead of a major announcement.
October 5, 2021 -
233AML / KYCUS DOJ Agrees to Release of Huawei’s Meng Wanzhou
Under a deferred prosecution agreement, Meng admitted to making material misrepresentations to HSBC regarding Huawei’s operations in Iran.
September 27, 2021 -
243AML / KYC
US Sanctions Crypto Firm Over Ransomware Payments
OFAC has designated crypto OTC broker Suex, which operates from Russia, for facilitating transactions involving the proceeds of ransomware payments.
September 22, 2021 -
230AML / KYCDPRK ‘Launders’ Vessel Identities to Evade Sanctions: C4ADS
C4ADS says fraudulent ship registrations created with the IMO are being used to 'launder' the identity of vessels associated with illicit activities.
September 16, 2021
