Menu Home

Finanstilsynet Inspection Report Kreditbanken

Statement on inspection at Kreditbanken (money laundering area) In January 2020, the Danish Financial Supervisory Authority inspected Kreditbanken A / S. The inspection was an investigation of the money laundering area as part of the ongoing supervision of the bank. The inspection included the bank’s policies, procedures and internal controls. In addition, the […]

Additional Foreign Mission Designations

Designation of Additional PRC Propaganda Outlets as Foreign Missions PRESS STATEMENT MORGAN ORTAGUS, DEPARTMENT SPOKESPERSON OCTOBER 21, 2020 Share Over the past decade, and particularly under General Secretary Xi Jinping’s tenure, the Chinese Communist Party (CCP) has asserted greater control over China’s state-backed propaganda outlets while trying to disguise them […]

Occasionally, the media gets it wrong…

ALERTS Clarification on Paymentology 21 Oct 2020 The DFSA notes several recent news articles stating that the DFSA has issued a financial services license to a company named “Paymentology.” These articles are not correct. Paymentology is not, and never has been, a DFSA Authorised Firm.   To ascertain whether a firm […]

Finanstilsynet Inspection Report: Capital Four Management Fondsmæglerselskab A/S

Statement on inspection in Capital Four Management Fondsmæglerselskab A / S (money laundering area) In September 2020, the Danish Financial Supervisory Authority inspected Capital Four Management Fondsmæglerselskab A / S. The inspection was an investigation of the money laundering area. The inspection included the company’s customer knowledge procedures as well as monitoring […]

Even Warren Buffet is not beyond OFAC’s reach…

Settlement Agreement between the U.S. Department of the Treasury’s Office of Foreign Assets Control and Berkshire Hathaway, Inc. Release date 10/20/2020 Body The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today announced a $4,144,651 settlement with Berkshire Hathaway, Inc. (“Berkshire”), a multinational conglomerate holding company based […]

EU, OFSI amend 5 DRC sanctions listings

UK regulators amended the Democratic Republic of the Congo sanctions listings for the following 2 persons: 1. SHEKA, Ntabo Ntaberi DOB: 04/04/1976. POB: Walikale, Walikalele Territory, Democratic Republic of the Congo Nationality: Congolese Democratic Republic of the Congo Address: Goma, North Kivu, Democratic Republic of the Congo (in prison) Position: […]