Guidance
Draft Guidelines under Articles 17 and 18(4) of Directive (EU) 2015/849 on customer due diligence and ML/TF risk factors (JC 2019 87) (JC 2019 87) START DATE: 05/02/2020 | DEADLINE: 05/05/2020 | STATUS: OPEN | | Send your comments The EBA issued today a public consultation on revised money laundering and terrorist financing (ML/TF) risk factors Guidelines […]
On Thursday, the following firm was added to both the SDN: TNK TRADING INTERNATIONAL S.A., place du Lac 2, Geneve 1204, Switzerland; Executive Order 13662 Directive Determination – Subject to Directive 2; alt. Executive Order 13662 Directive Determination – Subject to Directive 4; V.A.T. Number CHE-267.936.404 (Switzerland); Business Registration Number […]
In conjunction with the latest advisories from the Financial Action Task Force (FATF), HM Treasury issued an advisory notice about AML/CFT with regard to these high-risk countries. Here is the introductory section: HM Treasury Advisory Notice: Money Laundering and Terrorist Financing controls in higher risk jurisdictions Requirement to apply Enhanced […]
Issuance of Iran-related Frequently Asked Question Related to Humanitarian Assistance with Regard to the Coronavirus Disease 2019 (COVID-19) outbreak in Iran 3/6/2020 Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) is issuing a new Frequently Asked Question related to the manner in which humanitarian goods or assistance can […]
On Thursday, OFAC added the following persons: PEREZ OLIVAS, Luis Alberto, Chinandega, Nicaragua; DOB 08 Jan 1956; POB Leon, Nicaragua; nationality Nicaragua; Gender Male; Passport C01118568 (Nicaragua) issued 16 Nov 2011 expires 16 Nov 2021 (individual) [NICARAGUA] [NICARAGUA-NHRAA]. URBINA, Justo Pastor, Nicaragua; DOB 29 Jan 1956; POB Nicaragua; nationality Nicaragua; […]
Issuance of Counter Terrorism and Iran-related General License 8 and Frequently Asked Questions 2/27/2020 The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is issuing General License 8 “Authorizing Certain Humanitarian Trade Transactions Involving the Central Bank of Iran” and related FAQsin conjunction with the formalization of the Swiss Humanitarian Trade Arrangement (SHTA), […]
Issuance of Reporting, Procedures and Penalties Regulations (RPPR)-related Frequently Asked Questions 2/20/2020 Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) is publishing two new Reporting, Procedures and Penalties Regulations (RPPR)-related Frequently Asked Questions (FAQs). These FAQs are related to the 06/21/2019 Amendment to the RPPR. Here are the new FAQs: 819. […]
Just in time for Brexit, UK regulators issued an updated general guidance document for how sanctions compliance and enforcement will proceed (at least for the time being) post-Brexit. Really, not much has changed – there will still be mirroring of the UN sanctions designations, for example. Will things diverge from […]
The FSA issues a quick guide on the money laundering area The Danish FSA’s quick guide is primarily aimed at financial companies, but other companies can also benefit from it. The purpose is to spread the knowledge of the rules of the Money Laundering Act. There are a number of rules […]
Today, OFAC issued the following new Frequently Asked Question for its Iran sanctions program: 816. Is there a wind-down period for Executive Order 13902, “Imposing Sanctions with Respect to Additional Sectors of Iran” (E.O. 13902)? Persons engaged in transactions that could be sanctioned under E.O. 13902 with respect to the construction, mining, […]
