Early May bank holiday OFSI Notice (updated)
OFSI service on Early May bank holiday (VE day) On Friday 8 May 2020, Early May bank holiday (VE day), the OFSI inbox and helpline will not be monitored. Service, as set out below, will resume on...
View ArticleSECO updates Martin Koumtamadji CAR designation again
Earlier today, Swiss authorities updated the following individual Central African Republic sanctions designation: SSID: 300-41991 Name: Martin KoumtamadjiDOB: a) 5 Oct 1965 b) 3 Mar 1965 POB: a)...
View ArticleSECO amends Than Oo Myanmar sanctions listing
Earlier today, Swiss officials updated the following individual Myanmar sanctions designation: SSID: 145-39388 Name: Than Oo Sex: M DOB: 12 Oct 1973 Justification: Brigadier General Than Oo iswas the...
View ArticleOFAC fixes some oopsies (they call them “administrative updates”)…
Specially Designated Nationals (SDN) List Administrative Updates 5/7/2020 OFAC has issued administrative updates to the following SDN records. The updates reclassified certain aliases as weak. The...
View Article50 Percent Rule? Not for Nynas…
Removal of Venezuela-related General License 13E, Issuance of Venezuela-related General Licenses 3H and 9G, and Amended Frequently Asked Questions 5/12/2020 The Department of the Treasury’s Office of...
View ArticleOops and oops: American Express Travel Related Services Company gets Finding...
So, simply put, one of American Express’ home-grown applications had a bug in it (BTW, not in the actual matching software): On January 12, 2009, OFAC added Wisser to the List of Specially Designated...
View ArticleSECO amends 2 North Korea sanctions designations
Today, Swiss authorities amended the following 2 entities designated under the North Korean sanctions program: SSID: 150-33903 Name: Daedong Credit Bank Good quality a.k.a.: a) DCB b) Taedong Credit...
View ArticleNKSPEA Boilerplate added to a ton of OFAC North Korean designations
North Korea Administrative Designations Updates 5/13/2020 Pursuant to the National Defense Authorization Act for Fiscal Year 2020, the North Korea Sanctions and Policy Enhancement Act (NKSPEA) was...
View ArticleUN, DFAT amend 1 North Korea sanctions listing
Earlier today, Australian regulators amended the following North Korean sanctions listing: KPe.075 Name: YUK TUNG ENERGY PTE LTD A.k.a.: na F.k.a.: na Address: 17-22, UOB Plaza 2, Raffles Place, 80...
View ArticleThere is value in being explicit…
Even Mr. Watchlist learns something from time to time – and yesterday was a very visible example. When I looked at yesterday’s OFAC updates to a large number of North Korean sanctions designations, I...
View ArticleHKMA Alert: Fraudulent Bank of China website
29 Apr 2020 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 ArticleEU extends cyber sanctions for another year
Council extends cyber sanctions regime until 18 May 2021 The Council today adopted a decision extending for one more year, until 18 May 2021, the restrictive measures framework against cyber-attacks...
View ArticleGet your terms straight, folks!
From OFAC: Guidance to Address Illicit Shipping and Sanctions Evasion Practices 5/14/2020 The U.S. Departments of State and Treasury, and the U.S. Coast Guard, issued a global advisory to alert the...
View ArticleMay 14, 2020: New Sanctions Advisory for the Maritime Industry, Energy and...
Yesterday, a new advisory was issued by the US State Department, Treasury Department and Coast Guard that consolidates and enhances the prior North Korea, Syria and Iran shipping advisories. It’s a...
View ArticleHKMA Alert: WeLab Bank phishing email
04 May 2020 Phishing email related to WeLab Bank Limited The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by WeLab Bank Limited on phishing...
View ArticleUS Shipping Advisory: Deceptive Shipping Practices
Deceptive Shipping PracticesApproximately 90 percent of global trade involves maritime transportation. Malign actors constantly seek novel ways to exploit global supply chains for their benefit. The...
View ArticleUS Shipping Advisory: General Practices
General Practices for Effective Identification of Sanctions EvasionAs industry actors implement appropriate due diligence and compliance programs based on their risk assessments, we recommend that...
View ArticleHKMA Alert: Suspected fraudulent website hcbankltd.com
04 May 2020 Suspected fraudulent website : https://hcbankltd.com/ The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public in Hong Kong to a suspected fraudulent website with the...
View ArticleWhy does the 50 Percent Rule work the way it does?
As you may know, the OFAC 50 Percent Rule guidance says that entities owned by 1 or more sanctioned parties subject to the same types of sanctions (e.g. asset freezes, capital markets restrictions,...
View ArticleUS Shipping Advisory: Guidance for Maritime Insurance Companies
Guidance for Maritime Insurance CompaniesA maritime insurance company may wish to consider implementing the following diligence practices as appropriate in assessing and mitigating sanctions risks....
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