All posts tagged "Sanctions"
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876AML / KYCUS 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 -
433AML / KYCUK Imposes First Sanctions Over Human Rights Abuses
The UK has designated 25 Russians, 20 Saudi Arabians, two Myanmar generals, and two North Korean organisations. Their UK assets will be frozen.
July 8, 2020 -
1.4KAML / KYCGlobal Banks Seek Clarity on ‘Hong Kong Autonomy Act’
Under the legislation, banks can be penalised for conducting a 'significant transaction' with Chinese individuals or entities named as having contributed to the erosion of Hong Kong’s autonomy.
July 5, 2020 -
585AML / KYCNational Security Legislation Promulgates in Hong Kong
A legislative notice has been posted in the Hong Kong gazette, saying the national law applies in the city as part of the Basic Law from 11pm on 30 June 2020.
July 1, 2020 -
2.0KAML / KYCHong Kong Autonomy Act Advances in US Congress
Once signed into law, the Act will authorise the use of sanctions against individuals, entities and financial institutions in response to China's new national security law for Hong Kong.
June 26, 2020 -
1.0KAML / KYCSingapore Court Charges Two for North Korea Linked Bank Fraud
The two are accused of falsifying invoices to conceal from UOB and OCBC the sale of sugar to North Korea entities. One of the individuals is also on the FBI's most-wanted list.
June 22, 2020 -
629AML / KYCUS Passes Bill Threatening Sanctions Over Uyghur Human Rights
The bill allows the US President to impose sanctions against Chinese officials identified as responsible for human rights abuses against Muslim minority groups in Xinjiang.
June 19, 2020 -
1.1KAML / KYCHKMA Spotlights RegTech Use to Implement AML/CFT Measures
The HKMA outlines four regtech use cases that support the effective implementation of AML/CFT measures at Hong Kong banks.
June 16, 2020 -
2.8KAML / KYCTyphoon Trump: Hong Kong Braces for US Sanctions
Nick Turner at Steptoe & Johnson discusses how sanctions could be imposed against Hong Kong. While current signs point to a limited US response, it’s best to be prepared.
June 8, 2020
