All posts tagged "Sanctions"
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Press Release
Dow Jones Risk & Compliance Wins Best Solution in PEPs, Sanctions Screening
Dow Jones Risk & Compliance offers comprehensive screening for PEPs, sanctions risk, and adverse media, allowing for integration with existing workflows and providing certainty on risk.
December 16, 2020 -
182Press ReleaseSWIFT Recognised for KYC Registry, Sanctions Testing Service
SWIFT offers a secure platform that streamlines the collection of predefined KYC information, and a service to test FIs' sanctions screening systems for effectiveness.
December 16, 2020 -
149AML / KYCNo Banks Subject to HKAA Secondary Sanctions: US Treasury
In a report to Congress, the Treasury said it has not identified any foreign FIs that "knowingly" conducted significant transactions with the ten individuals sanctioned in October.
December 14, 2020 -
634AML / KYCAPAC Overtook US in AML Penalties For 2020: Fenergo
APAC has overtaken the US in terms of the value of enforcement actions for the first time since 2015, largely due to the Goldman and Westpac cases.
December 11, 2020 -
197AML / KYCUS Sanctions Another 14 Chinese Officials Over Hong Kong
A Chinese foreign ministry spokesperson said Beijing would take “firm counter-measures against the malicious actions by the US".
December 9, 2020 -
216AML / KYCChina Imposes Reciprocal Sanctions Against Four US-Linked Individuals
Four individuals at US-linked nonprofits are barred from entering China, including Hong Kong and Macau, for having “performed badly” over Hong Kong affairs.
December 7, 2020 -
926AML / KYC
The Increasing Reliance on Data for Sanctioned Securities Screening
The onus often falls on FIs to uncover any links between sanctioned entities and potentially related securities, which can involve a significant data challenge.
December 3, 2020 -
317AML / KYCSFC Directs Senior Managers to Correct AML/CFT Deficiencies
The SFC found deficiencies in areas including oversight, internal controls, risk assessments, third party deposits, SoW/SoF checks, and sanctions screening, among others.
December 2, 2020 -
816AML / KYCNorth Korea Executes Currency Trader in FX Crackdown: Report
North Korea is tightening controls over its economy and the use of foreign currency, amid a near 20% appreciation of the won over the US dollar in recent months.
December 1, 2020 -
690AML / KYCEU Set to Formalise Magnitsky-style Sanctions Regime
New legislation provisionally agreed by member states will allow the EU to target individuals who commit gross human rights violations irrespective of nationality.
November 30, 2020
