All posts tagged "Sanctions"
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1.3KAML / KYCHKAA Sanctions Mark Formal Warning to Global Banks
International financial institutions conducting 'significant transactions' with the ten sanctioned individuals could face secondary sanctions.
October 16, 2020 -
1.5KEnforcementRegTech Asia 2020: Sanctions & PEPs Screening
What role do data and technology play in protecting financial institutions from exposure to the risks associated with sanctions and PEPs?
October 13, 2020 -
866AML / KYCUS Imposes Sanctions Against 18 Iranian Banks
FIs transacting with the sanctioned banks after a 45-day wind-down period may expose themselves to secondary sanctions or be subject to an enforcement action, Treasury said.
October 12, 2020 -
2.0KAML / KYCRansomware Payments May Breach OFAC Regulations
OFAC makes clear in a new advisory that it may impose civil penalties if ransomware payments are made to sanctioned individuals or entities.
October 4, 2020 -
1.4KAML / KYCThe New Cold War Is Financial
Banks and financial infrastructure are emerging as an expanding front in geopolitics, writes RUSI’s Tom Keatinge.
September 29, 2020 -
1.3KAML / KYC
Gaming Out Sanctions Risk
Sanctions specialist Eric Sohn explains how wargaming exercises can be used as a risk management tool to game out threats and enhance strategic planning.
September 27, 2020 -
349AML / KYCPakistan Passes Three More FATF-related Bills
A joint parliamentary session was convened after the three bills were rejected by the Senate last month. FATF is set to assess Pakistan's progress next month.
September 22, 2020 -
418AML / KYC
US Imposes Sanctions on 27 Iranian Entities, Individuals
Any foreign FI that knowingly facilitates a significant transaction for the designated individuals or entities could be subject to US sanctions.
September 22, 2020 -
958AML / KYC
Cambodia, China Reject US Sanctions Against Chinese SOE
OFAC alleges that Chinese state-owned company Union Development Group seized land from locals for development through a corrupt Cambodian general.
September 21, 2020 -
504AML / KYCDOJ Charges Three for North Korea Sanctions Breaches
Two North Koreans and one Malaysian allegedly used front companies to deceive US banks into processing transactions for North Korean customers.
September 16, 2020
