All posts tagged "Sanctions"
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842Big PictureBoard, Compliance Engagement Lacking in Technology Adoption
Financial services firms lack engagement from boards and risk and compliance functions, according to a new survey from Thomson Reuters Regulatory Intelligence.
February 7, 2019 -
2.5KAML / KYCWolfsberg Group Publishes New Guidance on Sanctions Screening
It aims to show where sanctions screening can be an effective part of a wider sanctions compliance programme, where it has limitations, and where a risk based approach is appropriate.
January 29, 2019 -
5.0KAML / KYCHuman Trafficking and AML: 2019 Could Be a Turning Point for Asian Banks
Banks will need to adapt existing AML programmes to include new monitoring scenarios and train staff to recognise human trafficking red flags, says Nick Turner at Clifford Chance.
January 3, 2019 -
805AML / KYCHong Kong Not Obliged to Enforce US Sanctions – Report
Hong Kong is not obliged to enforce unilateral sanctions imposed by individual jurisdictions including the US, a senior official said in regards to Huawei's alleged dealings with Iran.
December 13, 2018 -
674AML / KYC
Hong Kong Asked to Bolster Sanctions Enforcement Amid Huawei Dispute
US officials have asked Hong Kong to bolster sanctions enforcement as Huawei's deputy chairwoman stands accused of violating Iran sanctions through a Hong Kong shell company.
December 11, 2018 -
1.5KAML / KYCOvercoming the Challenges of Cross-Jurisdictional Customer Onboarding
A digital-first approach to customer onboarding can protect companies from internal delays, customer dissatisfaction, hefty regulatory fines and reputational risk, says Claus Christensen.
November 28, 2018 -
1.5KAML / KYCJapan’s MUFG in Ongoing AML Probe by New York Regulators
The probe has been ongoing since late 2017, where MUFG is alleged to have intentionally ignored internal controls meant to prevent it doing business with sanctioned entities.
November 23, 2018 -
4.3KAML / KYCOFAC Highlights Potential Gap in Singapore’s Sanctions Regime
Singapore can do more to prevent sanctions violations by domestic firms playing out on the international stage, says Eric A. Sohn at Dow Jones Risk & Compliance.
November 15, 2018 -
783InternationalSWIFT and the Death of Global Financial Regulations
Intense geopolitical rivalries and new technologies threaten a new Cold War by enabling weaponisation of the international payment system and disruption of the international financial order.
July 2, 2018 -
1.2KAML / KYCMaximum Pressure: US, HK Act to Firm Up North Korea Sanctions
Despite the glad-handing between Donald Trump and Kim Jong-un in Singapore earlier this month, the legal landscape surrounding North Korea sanctions remains unchanged since March 2018. AML (anti-money laundering) risks will remain a focus of attention in Hong Kong and...
June 25, 2018
