All posts tagged "Sanctions"
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271AML / KYCEU Imposes First Sanctions Against Cyber Attackers
Measures will be taken against six individuals and three entities, including travel bans, asset freezes, and a prohibition on obtaining funding from the EU.
August 4, 2020 -
893AML / KYCChina Should Reduce SWIFT Use in Case of US Sanctions – Report
China should prepare for potential US sanctions by increasing the use of CIPS for cross-border transactions, and by developing legislation similar to the EU’s blocking statute.
July 30, 2020 -
1.5KAML / KYCUS Hedge Funds Being Used for Money Laundering: FBI
A leaked FBI bulletin says US hedge funds and private equity firms are being used to facilitate money laundering, organised crime, and sanctions evasion.
July 27, 2020 -
398AML / KYCSingapore Court Fines Secretary Over North Korea Shipments
The secretary pleaded guilty to three charges under the United Nations Act involving the shipment of luxury items to North Korea for her employer.
July 23, 2020 -
857AML / KYCHong Kong Wealth Managers Scrutinise Clients for Political Links
Wealth managers are said to be screening comments made by clients and their associates in public, in the media, and in social media posts as far back as 2014 to determine their political stance.
July 22, 2020 -
834ChinaHong Kong Regulators Offer Assurances on National Security Law
Financial Secretary Paul Chan has asked Hong Kong financial regulators to explain to their stakeholders that the national security law will not harm their operations.
July 20, 2020 -
589AML / KYCTrump Executive Order Opens China to Sanctions Over Hong Kong
Trump has signed an executive order threatening sanctions against Chinese officials and the banks they deal with over the national security law imposed in Hong Kong.
July 15, 2020 -
683AML / KYCChina Imposes Retaliatory Sanctions Against US Officials
The US President said that a phase two trade deal with China isn’t under consideration, though China has continued to meet its commitments under the phase one deal signed in January.
July 14, 2020 -
875AML / KYC
US Sanctions Chinese Officials Over Uyghur Human Rights
US persons and financial institutions are prohibited from conducting financial transactions with any of the four designated individuals.
July 13, 2020 -
1.1KAML / KYC
Chinese Banks Plan for Possible US Sanctions – Report
Bank of China and ICBC are reportedly preparing for worst-case possibilities that they could be cut off from US dollars or lose access to US dollar settlements.
July 10, 2020
