OFAC adds 5 Venezuelan officials to SDN List
Today, OFAC designated: BASTARDO MENDOZA, Rafael Enrique (a.k.a. BASTARDO, Rafael), Caracas, Capital District, Venezuela; DOB 22 Sep 1978; citizen Venezuela; Gender Male; Cedula No. 14335819...
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 ArticleHKMA Alert: HSBC phishing email
Press Releases Phishing email related to The Hongkong and Shanghai Banking Corporation Limited The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued...
View ArticleFebruary 15, 2019: EU. OFSI amend 1, remove 3 from terror sanctions
On Friday, British regulators implemented Commission Implementing Regulation (EU) No 2019/257 by amending the following listing: AL-TURKI, Hassan Abdullah Hersi Title: Sheikh/Colonel DOB: –/–/1944....
View ArticleHKMA Alert: HSBC phishing emails
Press Releases Phishing emails related to The Hongkong and Shanghai Banking Corporation Limited The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued...
View ArticleFebruary 18, 2019: OFSI renews 3 TAFA Final Designations
On Monday, UK regulators renewed the Final Designations made under the Terrorist Asset-Freezing etc. Act 2010 (TAFA) for: 1. IZZ-AL-DIN, Hasan DOB: –/–/1963. POB: Lebanon a.k.a: (1) GARBAYA, Ahmed (2)...
View ArticleFebruary 18, 2019: Brahim El Khayari added to terror lists by EU, OFSI
On Monday, British regulators implemented Council Implementing Regulation (EU) 2019/270 by adding the following individual: EL KHAYARI Brahim DOB: 07/05/1992. POB: Nimes, France Nationality: French...
View ArticleFebruary 20, 2019: OFAC sanctions Indian Kingpin and his companies
Yesterday, OFAC added the following persons: HAKIMZADA, Harmohan Singh (a.k.a. SING, Har Mohan), Flat 17, 2nd FL Atlas Tower, Jamal Abdud Nasir Rd., Sharjah, United Arab Emirates; DOB 23 Jun 1953;...
View ArticleFebruary 20, 2019: EU, OFSI amend 2 Afghanistan sanctions listings
Yesterday, British regulators implemented Council Implementing Regulation (EU) 2019/279 by amending the following 2 individual Afghanistan sanctions designations: 1. HAQQANI, Jalaluddin Title: Maulavi...
View ArticleFebruary 20, 2019: OSFI adds 1 to its terrorist entities list
On Tuesday, Canadian regulators added the following entity to its list of terrorist entities: HASAM (Harakat Sawa’d Misr) (also known among other names as Hassam, The Hasam Movement, Hasm, Hassm, the...
View Article50 Percent Rule question: cup half-full or half-empty
So… A client asked us (Mr. Watchlist’s employer) why we didn’t combine SDN ownership and SSI entity ownership for purposes of 50 Percent Rule calculation. To me, it was pretty clear – you’ve got the...
View ArticleOFAC Enforcement Action: ZAG IP, LLC
ZAG settled its liability for 5 voluntarily self-disclosed, non-egregious apparent ITSR (Iranian Transactions and Sanctions Regulations) violations for $506,230, as compared to a base penalty of...
View ArticleHong Kong SFC issues AML/CTF FAQs
Circular to Licensed Corporations and Associated Entities Anti-Money Laundering / Counter-Financing of Terrorism Frequently Asked Questions The Securities and Futures Commission (“SFC”) today published...
View ArticleFebruary 11, 2019: HK SFC AML/CTF Circular
Circular to Licensed Corporations and Associated Entities Anti-Money Laundering / Counter-Financing of Terrorism (1) United Nations (Anti-Terrorism Measures) Ordinance (2) United Nations Sanctions...
View ArticleFebruary 25, 2019: OFAC sanctions 4 Venezuelan governors
On Monday, OFAC added the following 4 officials: CARRIZALEZ RENGIFO, Ramon Alonso (a.k.a. CARRIZALES, Ramon), Apure, Venezuela; DOB 08 Nov 1952; Gender Male; Cedula No. 2516238 (Venezuela) (individual)...
View ArticleFebruary 26, 2019: OFAC issues standards guidance for data submissions
The U.S. Department of Treasury’s Office of Foreign Assets Control (OFAC) Office of Compliance and Enforcement (“OCE”) is issuing OCE’s Data Delivery Standards Guidance 2/26/2019 The U.S. Department...
View ArticleFebruary 25, 2019: EU extends Belarus sanctions
Belarus: EU prolongs arms embargo and sanctions against 4 individuals for one year Today the Council decided to prolong the restrictive measures against Belarus for one year, until 28 February 2020....
View ArticleTwo in one day: new article on KYC360.com
The new article is about the OFAC enforcement action against Kollmorgen Corporation, why the settlement amount was so large compared to the base penalty amount, and what more Kollmorgen could have...
View ArticleHM Treasury Advisory on high risk jurisidctions
On February 26, HM Treasury issued the following advisory, including the latest public statement from the Financial Action Task Force (FATF): HM Treasury Advisory Notice: Money Laundering and Terrorist...
View ArticleOFSI imposes its first fine on Raphaels Bank
Report of Penalty for Breach of Financial Sanctions Regulations (section 149(2) PACA 2017 report) Imposition of Monetary Penalty – Raphaels Bank Penalty imposed on: R. Raphael & Sons plc trading as...
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