All posts tagged "US Treasury"
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329AML / KYCAddressing Sanctions Risk in Maritime Trade
Banks facilitating transactions involving maritime trade must put in place systems and processes to detect illicit activity that could result in a breach of sanctions regulations.
June 2, 2021 -
125AML / KYCUS, UK, Canada Announce Fresh Sanctions Against Myanmar
The latest sanctions actions cite attacks and human rights violations against the people of Myanmar, including the killing of children.
May 19, 2021 -
312AML / KYCUS Sanctions Holding Companies Backing Myanmar Military
The new sanctions target the Myanmar military’s control of significant segments of the country's economy, which is a vital financial lifeline for the military junta.
March 26, 2021 -
267AML / KYCUS Sanctions 24 Officials Over Hong Kong Electoral Changes
Foreign financial institutions that knowingly conduct significant transactions with the 24 individuals are subject to sanctions.
March 19, 2021 -
230ChinaUS Treasury Defers Investment Ban on Some Chinese Companies
A general licence delays the application of restrictions on companies with names that closely match those of the blacklisted companies.
January 28, 2021 -
908AML / KYCAnti-Money Laundering a Priority for Incoming Treasury Secretary Yellen
Incoming Treasury Secretary Janet Yellen thanked Congress for passing the AMLA, widely considered to be the most significant overhaul of AML legislation in the US since 2001.
January 25, 2021 -
2.2KAML / KYCWhat a New US Administration Could Mean for the Sanctions Landscape
Guy Harrison compares the approaches to China, Iran and Russia we can expect from incumbent Donald Trump and candidate Joe Biden ahead of the US presidential election.
November 2, 2020 -
880Asia-PacificUS, Thailand Partner to Strengthen Infrastructure Finance
The cooperative initiative will focus on the development of financial instruments, project finance, the local debt market, and capital markets.
October 30, 2020 -
757AML / KYC
OFAC Settles Iran Sanctions Case with Berkshire Hathaway
A Berkshire subsidiary knowingly exported cutting tools and related inserts to Turkish distributors to then be shipped to a distributor in Iran for resale to Iranian end-users.
October 21, 2020 -
941AML / 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
