All posts tagged "Sanctions"
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216AML / 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 -
306AML / 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 -
230AML / 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 -
136Big PictureBOE Issues Paper Exploring New Forms of Digital Money
The BOE seeks feedback on the discussion paper as it examines how CBDCs and stablecoins could impact the financial system and wider economy.
June 9, 2021 -
242AML / KYC
China Steps Closer to Law to Protect Against US Sanctions
A second draft of legislation aimed at countering US sanctions has reportedly been filed and is expected to be voted on soon.
June 9, 2021 -
116AML / KYCAPG Publishes 2nd Follow-up Report on Pakistan
Pakistan had requested a re-rating on 23 FATF Recommendations: 21 were upgraded, one was not re-rated, and one was downgraded.
June 5, 2021 -
685AML / KYCBiden Executive Order Amends, Clarifies China Blacklist
The revised EO is clearer, addresses many of the problem areas in the old EO, and is more enforceable, says Nick Turner at Steptoe & Johnson.
June 4, 2021 -
735AML / KYCAddressing Sanctions Risk in Maritime Trade
Banks facilitating transactions involving maritime trade must put in place systems and processes to detect illicit activity that could result in a breach of sanctions regulations.
June 2, 2021 -
190FeatureHong Kong Considers Replacing State Street as TraHK Manager
Officials reportedly commissioned an independent study to review State Street's role in managing Hong Kong's Tracker Fund.
May 26, 2021 -
306EnforcementHKEX Finalises Rule Changes to Enhance Market Quality
HKEX will increase the profit requirement to HKD 80 million in combined profits over the three years. Proposals to enhance its disciplinary powers and sanctions will also be adopted.
May 21, 2021
