I. Corruption is endemic The deteriorating human rights situation in Cambodia, combined with increased and widespread corruption in the financial, real estate, casinos, and infrastructure development sectors, pose significant challenges in Cambodia for investors. In its Global Competitiveness Report 2019, the World Economic Forum ranked Cambodia 134 out of 141 […]
Business Advisory and GSP Assessment for Cambodia PRESS STATEMENT NED PRICE, DEPARTMENT SPOKESPERSON NOVEMBER 10, 2021Share The United States has a long history of commitment to combatting corruption and supporting the rule of law in Cambodia and globally. Recent developments in Cambodia, including systemic corruption, transnational organized crime, and human […]
FinCEN Releases Updated Advisory on Ransomware and the Use of the Financial System to Facilitate Ransom Payments In connection with a set of actions announced today by the Department of the Treasury and focused on disrupting criminal ransomware actors, the Financial Crimes Enforcement Network (FinCEN) has released an update to […]
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has issued an updated advisory to highlight the sanctions risks associated with ransomware payments in connection with malicious cyber-enabled activities and the proactive steps companies can take to mitigate such risks, including actions that OFAC would consider to […]
Issuance of a Hong Kong Business Advisory FACT SHEET OFFICE OF THE SPOKESPERSON JULY 16, 2021Share On July 16, the U.S. Department of State, along with the U.S. Department of the Treasury, the U.S. Department of Commerce, and the U.S. Department of Homeland Security, issued a business advisory to caution U.S. businesses […]
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 by both the local government and the Chinese government. It highlights a number of heightened risks: operating in […]
Issuance of the Updated Xinjiang Supply Chain Business Advisory PRESS STATEMENT ANTONY J. BLINKEN, SECRETARY OF STATE JULY 13, 2021Share The U.S. Department of State, alongside the U.S. Department of the Treasury, the U.S. Department of Commerce, the U.S. Department of Homeland Security, the Office of the U.S. Trade Representative, […]
HM Treasury Advisory Notice: High-Risk Third Countries Requirement to apply Enhanced Due Diligence for higher risk jurisdictions The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (the ‘MLRs’) require the UK regulated sector to apply enhanced customer due diligence in relation to high-risk countries. […]
Canada issues advisory on doing business with Myanmar-related entities April 13, 2021 – Ottawa, Ontario – Global Affairs Canada The Government of Canada today issued an advisory for Canadian companies doing business with Myanmar-related entities. The Government of Canada expects Canadian companies active abroad, in any market or country, to […]
Art Advisory Release date 10/30/2020 Body The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is issuing this advisory to highlight sanctions risks arising from dealings in high-value artwork associated with persons blocked pursuant to OFAC’s authorities, including persons on OFAC’s List of Specially Designated Nationals and Blocked Persons. […]
Mr. Watchlist 