All posts tagged "Sanctions"
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789AML / KYCBNM Issues Guidance Documents on AML/CFT Obligations
Guidance is provided for financial institutions, DNFBPs and NBFIs on AML/CFT and targeted financial sanctions, customer due diligence and beneficial ownership.
September 3, 2020 -
832AML / KYCUS DOJ Files Civil Forfeiture Complaint to Recover Stolen Crypto
The two crypto exchange hacks detailed in the complaint are linked to the same group of Chinese actors who laundered over $250mn in stolen cryptocurrency for North Korea in 2018.
September 1, 2020 -
710AML / KYCUS Sanctions Chinese Individuals, Entities Over South China Sea
The US accuses one Chinese state-owned enterprise of engaging in "corruption, predatory financing, environmental destruction, and other abuses across the world."
August 27, 2020 -
387AML / KYCPakistan Issues Consolidated List of Sanctioned Individuals, Entities
The Ministry of Foreign Affairs says various sanctions were already in place against almost all of the individuals and entities listed by the United Nations Security Council.
August 23, 2020 -
2.1KAML / KYCAPAC Regulators Issue Nearly $4bn in AML Fines in H1 2020
Fraudulent activity brought on by Covid-19 related initiatives may result in enforcement actions later in the year and into 2021, says Fenergo's Rachel Woolley.
August 20, 2020 -
487AML / KYCUN Security Council Rejects Extension of Iran Arms Embargo
The UN Security Council has rejected a US resolution to extend an international arms embargo on Iran due to expire on 18 October.
August 18, 2020 -
777AML / KYCFinCEN to Lift 13 Year Old Sanctions on Macau’s Delta Asia Bank
The sanctions were imposed under the USA Patriot Act in 2007 due to the bank's suspected involvement with North Korean money laundering and other illegal financial activities.
August 13, 2020 -
962AML / KYCChina Imposes Reciprocal Sanctions Against US Officials
“China has decided to impose sanctions on those individuals who behaved badly on Hong Kong-related issues,” said a spokesperson, without specifying what the sanctions would entail.
August 11, 2020 -
1.2KAML / KYCUS Sanctions 11 Chinese, Hong Kong Officials
The HKMA says unilateral sanctions imposed by foreign governments have "no legal status" in Hong Kong and banks should endeavour to treat customers fairly.
August 8, 2020 -
485AML / KYC
OFAC Sanctions Chinese Entity Over Human Rights Abuses
The XPCC is considered by OFAC to be a paramilitary organisation with large commercial operations that that are likely to be impacted by US sanctions.
August 4, 2020
