By now, I think you are aware of my experience and expertise in the sanctions realm – and have some sense of my point of view regarding sanctions compliance and its geopolitical ramifications. So, if your firm would like me to come “visit” you via Zoom, Google Meet, WebEx, etc […]
OFAC has added the following entities: to its Burma sanctions regime: MYANMA TIMBER ENTERPRISE (a.k.a. MYANMAR TIMBER ENTERPRISE; f.k.a. STATE TIMBER BOARD; f.k.a. TIMBER CORPORATION), Gyogone Forest Compound, Bayint Naung Road, Insein Township, Rangoon, Burma; No. (72/74) Shawe Dagon Pagoda Road, Dagon Township, Rangoon, Burma; P.O. Box 206, Ahlone Street, […]
Statement on payment service and money laundering inspection in Inpay A / S In October 2020, the Danish Financial Supervisory Authority inspected Inpay A / S. The inspection was an investigation of the payment service and money laundering area. The inspection included management and organization of the company as well as the […]
31 Mar 2021 Email Alert – Phishing email related to Mega International Commercial Bank Co., Ltd. The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by Mega International Commercial Bank Co., Ltd. relating to a phishing email, which has been reported […]
On Tuesday, Swiss authorities removed the following person: SSID: 130-36266 Name: Ghwell Khalifa Sex: M DOB: a) 1 Jan 1956 b) 1 Jan 1951 POB: Misurata, Libya Good quality a.k.a.: a) Al Ghweil Khalifa b) Al-Ghawail Khalifa c) Ghawil Khalifa Mohamed Address: Qasr Ahmed Street, Misurata, Libya Nationality: Libya Identification […]
OFAC Enforcement Action: Alliance Steel, Inc. HM Treasury’s Central Bank Digital Currency (CBDC) Taskforce Terms of Reference
Terms of Reference (ToR), April 2021 Central Bank Digital Currency (CBDC) Taskforce Role and Remit The Chancellor announced the Central Bank Digital Currency (CBDC) Taskforce as part of the April 2021 Fintech week. This Taskforce brings together HM Treasury and the Bank of England, to coordinate the exploration of a […]
The firm settled 61 non-egregious, voluntarily self-reported violations of the Iranian Transactions and Sanctions Regulations (ITSR), reduced from a base penalty of $725,004. What Alliance Did Alliance describes itself as principally a domestic business—Alliance sells its products exclusively to domestic consumers, does not export goods or services, and does not […]
HKMA Alert: Fraudulent Standard Chartered Bank websites and phishing instant messages Now it’s DFAT‘s turn to delist those Iraqi entities Keep calm and crypto on: Bank of England statement on Central Bank Digital Currency EU sanctions 10 persons, 2 entities under Myanmar program OFAC puts Belarus General License 2 on […]
Revocation of the Authorization of Belarus General License 2G Due to Human Rights Violations and Abuses PRESS STATEMENT ANTONY J. BLINKEN, SECRETARY OF STATE APRIL 19, 2021 Share The U.S. Department of State fully supports the Department of the Treasury’s announcement today on the revocation of the Belarus-related General License […]
Introduction to licensing Posted by: OFSI, Posted on: 19 April 2021 – Categories: Financial sanctions, Implementation As readers of OFSI’s previous blogs will be aware, the new UK autonomous sanctions framework in place since January 2021 brings important opportunities and changes. Among the updates contained in these new regulations, some of these specifically relate to licensing. OFSI’s […]
