May 17, 2019: OFAC adds to counter narcotics, global human rights sanctions
Last Friday (see, I’m slowly catching up!), OFAC added the following persons: AVELAR GUTIERREZ, Isidro, Islas Aleutianas 2307, Guadalajara, Jalisco 44540, Mexico; Santa Esther 845, Colonia Santa...
View ArticleMay 17, 2019: EU, OFSI amend 1, remove 1 from counter terror sanctions
Last Friday, UK regulators implemented Commission Implementing Regulation (EU) 2019/791 by amending the following ISIL (Da’esh) and Al-Qaida counter terror listing: ISLAMIC STATE IN IRAQ AND THE LEVANT...
View ArticleMay 21, 2019: SECO amends a bunch of Myanmar listings
On Tuesday, Swiss authorities amended the following individuals sanctioned under its Myanmar program: SSID: 145-39366 Name: Aung Kyaw Zaw Sex: M DOB: 20 Aug 1961 Identification document: Passport No....
View ArticleMay 22, 2019: OSFI, UN remove 1 from counter terror list
On Wednesday, Canadian regulators removed: QDi.202 Name: 1: MAZEN 2: SALAH 3: MOHAMMED 4: na Name (original script): مازن صلاح محمد Title: na Designation: na DOB: 18 May 1981 POB: Arbil, Iraq Good...
View ArticleMay 22, 2019: EU, OFSI remove 4 from Iraq sanctions program
On Wednesday, UK regulators implemented Commission Implementing Regulation (EU) 2019/808 by removing the following entities from its Iraq sanctions program: 1. DIRECTORATE GENERAL OF BAGHDAD...
View ArticleMay 23, 2019: OFAC adds yet more to its counter narcotics sanctions
Yesterday, OFAC added the following persons: BRUNETTI, Luciano (a.k.a. “BIFF TANNEN”; a.k.a. “LUCHO”), Buenos Aires, Argentina; DOB 30 Aug 1988; POB Argentina; nationality Argentina; Gender Male;...
View ArticleMay 22, 2019: EU, OFSI remove 9, amend 29 under Syria program
On Wednesday, UK regulators implemented Council Implementing Regulation (EU) 2019/798 by removing the following 7 people: 1. AL-JASSIM Fahid Title: Lt. General a.k.a: AL-JASSIM, Fahd Position: Chief of...
View ArticleHKMA Alert: Fraudulent Bank of China website
Press Releases Fraudulent website related to Bank of China (Hong Kong) Limited The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by Bank of China...
View ArticleOFSI imposes 2nd sanctions penalty
This one makes more sense – because it has much more detail than the Raphaels Bank one, to which is it related… Unfortunately, the notice doesn’t cut and paste at all, so let me give you the...
View ArticleHKMA Alert: Fraudulent Bank of China website
Press Releases Fraudulent website related to Bank of China (Hong Kong) Limited The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by Bank of China...
View ArticleOFAC Enforcement Action: You don’t see this every day…
Literally… OFAC issued a Finding of Violation, which is statistically the least frequent result of an investigation, to State Street Bank and Trust. Basically, it made pension payments to a US person’s...
View ArticleMAS publishes AML/CFT guidelines for certain insurers
In particular, these are for “direct general insurance”, “direct life insurance” and reinsurance businesses. It speaks to the three lines of defense, management commitment, policies and procedures,...
View ArticleMAS Insurance AML/CFT Guidelines: Introduction
1 INTRODUCTION 1.1 These Guidelines apply to all insurers licensed under section 8 of the Insurance Act (Cap. 142) (“the Act”) and to all foreign insurers operating in Singapore under a foreign insurer...
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 ArticleOFAC’s latest Terrorist Assets Report is out
This is OFAC’s 27th “Annual Report to the Congress on Assets in the United States Relating to Terrorist Countries and Organizations Engaged in International Terrorism” – a mouthful, I know. Some...
View ArticleMay 29, 2019: EU, OFSI amend 11 Iran non-proliferation listings
On Tuesday, UK regulators implemented Council Implementing Regulation (EU) 2019/855 by amending the following 9 individual listings: 1. NADERI Mohammad Title: Brigadier-General Position: Head of...
View ArticleMay 29, 2019: EU. OFSI remove Mazen Salah Mohammed from ISIL/Al-Qaida program
On Wednesday, UK regulators implemented Commission Implementing Regulation (EU) 2019/850 by removing the following person: MOHAMMED, Mazen Salah DOB: (1) 01/01/1982. (2) 01/01/1980. (3) 18/05/1981....
View ArticleMay 15, 2019: HK SFC AML/CFT Circular: Early Alert on UN Sanctions
Circular to Licensed Corporations and Associated Entities Anti-Money Laundering / Counter-Financing of Terrorism Early Alert on United Nations Sanctions The sanctions committee of the United Nations...
View ArticleMAS Insurance AML/CFT Guidelines: Money Laundering and Terrorism Financing
2 MONEY LAUNDERING AND TERRORISM FINANCING 2.1 Insurers should be cognisant of their exposure to ML/TF risks. Payments originating from insurers are viewed as commonplace, with the money assumed to be...
View ArticleMAS Insurance AML/CFT Guidelines: The Three Lines of Defence
3 THE THREE LINES OF DEFENCE 3.1 Insurers are reminded that the ultimate responsibility and accountability for ensuring compliance with AML and CFT (“AML/CFT”)-related laws and regulations rest with...
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