Venezuela General License 9A
OFFICE OF FOREIGN ASSETS CONTROL Executive Order 13808 of August 24, 2017 Imposing Additional Sanctions With Respect to the Situation in Venezuela Executive Order 13850 of November 1, 2018 Blocking...
View ArticleHM Treasury issues July-October TAFA Report
Annex 1 Written Ministerial Statement ____________________________________________________________________ Operation of the UK’s Counter-Terrorist Asset Freezing Regime: 1 July to 30 September 2018 The...
View ArticleWhat did you think of the EN+, EuroSibEnergo and Rusal OFAC delistings?
My take was published on KYC360 this morning here – my editor even reached out to Treasury for their response. Who do you agree with more on this – me or Treasury? Let me know in the comments… And, of...
View ArticleFebruary 4, 2019: UN, OSFI amend 2 on terror list
On Monday, Canadian regulators modified the following listings: TAi.040 Name: 1: JALALUDDIN 2: HAQQANI 3: na 4: na Name (original script): جلال الدين حقانى Title: Maulavi Designation: Minister of...
View ArticleFebruary 5, 2019: OFSI renews 3, revokes 1 TAFA Final Designation
On Tuesday, UK regulators renewed the Final Designations of: 1. ABU MARZOUK, Musa a.k.a: (1) ABU MARZOOK, Mousa, Mohammed (2) ABU-MARZUQ, Musa (3) ABU- MARZUQ, Sa’id (4) ABU-‘UMAR (5) MARZOOK, Mousa,...
View ArticleFebruary 5, 2019: EU, OFSI remove 8 from Iraq sanctions
On Tuesday, UK regulators implemented Commission Implementing Regulation (EU) 2019/162 by removing: 1. GENERAL ESTABLISHMENT FOR HOSPITALITY AFFAIRS Address: PO Box 240, Hay Al-Wihda, Al-Wathik Square,...
View ArticleFebruary 5, 2019: UN, DFAT amend 2 on Taliban sanctions list
On Tuesday, Australian regulators amended the following Taliban sanctions listings: TAi.040 Name: 1: JALALUDDIN 2: HAQQANI 3: na 4: na Title: Maulavi Designation: Minister of Frontier Affairs under the...
View ArticleFebruary 7, 2019: OFAC adds Turkish citizen to FSE List
Yesterday, OFAC added: KAYAKIRAN, Evren, Turkey; DOB 08 Feb 1980; citizen Turkey; Gender Male; Passport U00242309 (Turkey) (individual) [FSE-IR]. to their Foreign Sanctions Evaders (FSE) List. This is...
View ArticleOFAC Enforcement Action: Kollmorgen Corporation
Because Kollmorgen’s Turkish affiliate serviced machines operating in Iran on six occasions, they agreed to a $13,381 settlement. At first glance, it appears that Kollmorgen knew its responsibilities:...
View ArticleHKMA Alert: Suspicious Bank of Singapore mobile application
Press Releases Suspicious mobile application (App) related to Bank of Singapore Limited The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by Bank...
View ArticleJanuary 31, 2019: HK SFC AML/CFT Circular
Circular to Licensed Corporations and Associated Entities Anti-Money Laundering / Counter-Financing of Terrorism United Nations (Anti-Terrorism Measures) Ordinance An updated list specifying...
View ArticleI’ve seen this movie before… Venezuela General Licenses 3 and 9 updated again…
On Monday, OFAC revised Venezuela General Licenses 3 and 9 and updated 3 Frequently Asked Questions: 650. What is the expected level of due diligence associated with ensuring that transfers or...
View ArticleFebruary 11, 2019: UN, DFAT remove 4 from terror list
Yesterday, Australian officials removed the following 4 persons from the Consolidated List: QDi.172 Name: 1: HASSAN 2: ABDULLAH 3: HERSI 4: AL-TURKI ار Title: a) Sheikh b) Colonel Designation: na DOB:...
View ArticleSECO amends 1, removes 4 on terror list
Earlier today, Swiss authorities amended the following listing: SSID: 10-17293 Foreign identifier: QE.A.2.01. Name: Al-Itihaad Al-Islamiya / AIAI Relation: a) Leadership included Hassan Abdullah Hersi...
View ArticleUN, OSFI remove 4 from counter terror sanctions
Earlier today, Canadian removed the following 4 persons: QDi.172 Name: 1: HASSAN 2: ABDULLAH 3: HERSI 4: AL-TURKI Name (original script): حسن عبد الله حرسي التركي Title: a) Sheikh b) Colonel...
View ArticleHKMA Alert: China CITIC Bank fraudulent websites
Press Releases Fraudulent websites related to China CITIC Bank International Limited The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by China...
View ArticleFebruary 13, 2019: OFAC adds 11, changes 1 on Iran & counter terror sanctions
Yesterday, OFAC added the following people: ABBASI, Hossein (a.k.a. ALAVI, Hossein), Iran; DOB 06 Dec 1986; nationality Iran; Additional Sanctions Information – Subject to Secondary Sanctions; Gender...
View ArticleSECO amends 1, removes 1 Ukraine sanctions listing
Earlier today, Swiss officials amended the following Ukraine sanctions listing: SSID: 175-39839 Name: Kravchenko Elena Valerievna Spelling variant: a) Kravchenko Elena Valeryevna (Russian) b) КРАВЧЕНКО...
View ArticleOFAC Enforcement Action: AppliChem GmbH
Hot on the heels of the Kollmorgen enforcement action, it’s another case of subsidiaries behaving badly…. OFAC assessed AppliChem (the subsidiary) a $5,512,564 civil monetary penalty – note that this...
View ArticleRandom sanctions thought of the day: AppliChem & Kollmorgen OFAC enforcement...
So… Kollmorgen seems to have done a lot, if not all the right things in terms of due diligence, investigation and remediation, and they settle for almost double the base penalty – due to the actions of...
View Article