Today’s OFSI updates: 2 changed Belarus listings, 1 changed Syrian
Today, UK regulators updated these Belarus listings – 1 individual: CHURO, Leanid MikalaievichDOB: 08/07/1956. a.k.a: (1) CHURO, Leanid, Mikalaevich (2) CHURO, Leonid, Nikolaevich (3) CHURO, Lieanid,...
View ArticleJuly 12, 2021: That olive branch smells a lot like LPG… or is the other way...
Yesterday afternoon, OFAC issued a new Venezuela-related General License 40, “Authorizing Certain Transactions Involving the Exportation or Reexportation of Liquefied Petroleum Gas to Venezuela”:...
View ArticleHKMA Alert: Fraudulent Bank of China website and phishing instant messages
30 Jun 2021 Website and Instant Message Alert – Fraudulent website and phishing instant message related to Bank of China (Hong Kong) Limited The Hong Kong Monetary Authority (HKMA) wishes to alert...
View ArticleCanada expands Nicaragua sanctions
Canada imposes sanctions on additional individuals in response to ongoing human rights violations in Nicaragua July 14, 2021 – Ottawa, Ontario – Global Affairs Canada Today, the Honourable Marc...
View ArticleHKMA Alert: Suspicious DBS Bank website and mobile app
02 Jul 2021 Website and Mobile Application (App) Alert – Suspicious website and mobile application (App) related to DBS Bank (Hong Kong) Limited The Hong Kong Monetary Authority (HKMA) wishes to alert...
View ArticleHKMA Website Alert: Fraudulent China Merchants Bank website
05 Jul 2021 Website Alert – Fraudulent website related to China Merchants Bank Co., Ltd. The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by...
View ArticleOFSI amends a human rights designation
Earlier today, UK officials amended the following Global Human Rights sanctions listing: KHAN, Anwar AhmedDOB: 01/01/1959. POB: Pakistan a.k.a: KHAN, Rao Anwar Nationality: Pakistani Address: Punjab,...
View ArticleHong Kong times 2: a new Business Advisory and new OFAC designations
Today, the U.S. State, Commerce, Treasury and Homeland Security Departments issued an advisory about the risks of doing business in Hong Kong in the current environment due to the recent actions taken...
View ArticleCanada statement on Chinese cyber activities (more to come)
Statement on China’s cyber campaigns July 19, 2021 – Ottawa, Ontario – Global Affairs Canada The Honourable Marc Garneau, Minister of Foreign Affairs, the Honourable Harjit S. Sajjan, Minister of...
View ArticleEU renews counter terror sanctions for 6 more months
EU terrorist list: Council renews restrictive measures to combat terrorism for a further six months The Council today renewed the so-called EU terrorist list, which sets out persons, groups...
View ArticleOFSI issues Belarus General License
OFSI issues Belarus general licence On 19 July 2021, OFSI issued General Licence INT/2021/554388 under The Belarus (Sanctions) (EU Exit) Regulations 2019. This General Licence permits an air carrier...
View ArticleHKMA Alert: Fraudulent Standard Chartered websites and phishing instant messages
06 Jul 2021 Website and Instant Message Alert – Fraudulent websites and phishing instant messages related to Standard Chartered Bank (Hong Kong) Limited The Hong Kong Monetary Authority (HKMA) wishes...
View ArticleOops, they did it again…
Today, OFAC corrected the Hong Kong designations from just the other day… by removing the “Secondary sanctions risk” boilerplate: CHEN, Dong (Chinese Simplified: 陈冬; Chinese Traditional: 陳冬), Hong...
View ArticleOne company, two enforcement actions…
Settlement Agreements between the U.S. Department of the Treasury’s Office of Foreign Assets Control and Alfa Laval Middle East Ltd. and Alfa Laval Inc. Release date 07/19/2021 The U.S. Department of...
View ArticleHKMA Alert: Fraudulent HSBC website and phishing instant message
06 Jul 2021 Website and Instant Message Alert – Fraudulent website and phishing instant message related to The Hongkong and Shanghai Banking Corporation Limited The Hong Kong Monetary Authority (HKMA)...
View ArticleThe facts of the 2 Alfa Laval enforcement actions
Enforcement opened its investigation after AL U.S., the principal U.S.-based subsidiary of Alfa Laval AB with its head office in Richmond, Virginia, filed a self-disclosure with OFAC. In the...
View Article…. And Alfa Laval commits to adhering to OFAC’s framework…
Compliance Commitments: Respondent has terminated the conduct described above and has established and agrees to maintain for at least five years following the date this Agreement is executed,...
View ArticleThe Alfa Laval Enforcement Actions: the penalty calculations & General Factors
Alfa Laval Middle East: OFAC determined that AL Middle East did not voluntarily self-disclose the Apparent Violations and that the Apparent Violations constitute an egregious case. Accordingly, under...
View Article… and Alfa Laval’s lessons to be learned
Alfa Laval Middle East: Non-U.S. companies should be aware of how their activities might trigger compliance issues with U.S. sanctions, including when they place orders with U.S. affiliates or...
View ArticleNew HKMA AML/CFT Guideline for Stored Value Facility Licensees issued
Read all 96 pages of it here… there is no apparent revision history, nor are there change markings…. Sorry!
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