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March 10, 2017: HK SFC AML/CTF Circular

On March 10, the Hong Kong Securities and Futures Commission (SFC) issued a AML/CTF Circular. This Circular included updates by the United Nations ISIL (Da’esh) and Al-Qaida Sanctions Committee (included as a PDF), plus the following information from FATF: (1)  FATF Statement on Democratic People’s Republic of Korea and Iran Further […]

Central Bank of Ireland sanctions & AML update

  Date: December 2016   IMPORTANT SANCTION COMMUNICATIONS: PLEASE DO NOT REPLY TO THIS EMAIL NOTIFICATION Dear Subscriber,  Some recent news and developments:  The Central Bank is responsible for financial regulation in Ireland. In early 2017 the Central Bank will carry out a review of frozen funds held in financial […]

US’ FATF Mutual Evaluation Issued: the DOJ response

FINANCIAL ACTION TASK FORCE REPORT RECOGNIZES U.S. ANTI-MONEY LAUNDERING AND COUNTER-TERRORIST FINANCING LEADERSHIP, BUT ACTION IS NEEDED ON BENEFICIAL OWNERSHIP SHARE   December 1, 2016 Courtesy of By Assistant Attorney General Leslie Caldwell of the Criminal Division and Acting Assistant Attorney General Mary McCord of the National Security Division The […]

October 28, 2016: HK SFC AML/CTF Circular

In addition to alerting firms to 2 updated terror sanctions listings from the United Nations(1 removal, 1 amendment), the Hong Kong Securities and Futures Commission issued the following in their periodic AML/CTF circular: (1)  FATF Statement on Democratic People’s Republic of Korea and Iran Further to our circular issued on […]

July 28, 2016: FINTRAC guidance on FATF statements

July 28, 2016 – FINTRAC Advisory: Financial transactions related to countries identified by the Financial Action Task Force (FATF)  Financial transactions related to countries identified by the Financial Action Task Force (FATF) In order to protect the international financial system from money laundering and terrorist financing risks, the Financial Action […]

July 11, 2016: HK SFC AML/CTF Circular

Circular to Licensed Corporations and Associated Entities  Anti-Money Laundering / Counter-Terrorist Financing  (1)  FATF Statement on Democratic People’s Republic of Korea and Iran (2)  FATF Statement on Improving Global AML/CFT Compliance: On-Going Process (3)  Outcomes from the Meeting of the FATF Plenary, 22-24 June 2016 (4)  United Nations (Anti-Terrorism Measures) Ordinance (1)  FATF […]