Guidance
The HKMA issued a letter on 18 January 2023 to consult the banking industry on proposed amendments to Guideline on Anti-Money Laundering and Counter-Financing of Terrorism (For Authorized Institutions) And here is that Guideline with the proposed changes: Links: HKMA Consultations Guideline
The new version of Venezuela General License 5 (5J) now has an effective date of April 20, 2023. And OFAC updated the corresponding Frequently Asked Question (#595): 595. What does Venezuela-related General License 5J authorize? Answer The President issued Executive Order (E.O.) 13835 on May 21, 2018. Subsection 1(a)(iii) of E.O. 13835 prohibits […]
Issuance of Russia-related General Licenses and Amended Russia-related Frequently Asked Questions Release date 01/17/2023 Body The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is issuing Russia-related General License 6C “Transactions Related to Agricultural Commodities, Medicine, Medical Devices, Replacement Parts and Components, or Software Updates, the Coronavirus Disease […]
Implementation of the Federal Civil Penalties Inflation Adjustment Act 01/12/2023 The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is amending its regulations to implement for 2023 the Federal Civil Penalties Inflation Adjustment Act of 1990, as amended by the Federal Civil Penalties Inflation Adjustment Act Improvements Act […]
The press release: The guidance: Links: CBUAE Press Release Guidance
The new FAQ: 1110. What are key changes made by Iran General License D-2 in comparison to Iran General License D-1? Answer On September 23, 2022, OFAC issued Iran General License (GL) D-2 to further support the provision of communication tools to ordinary Iranians and assist in their efforts to resist repressive internet […]
Link: CBUAE Press Release
OFAC has updated Venezuela General License 31 (new version is 31B). The new version explicitly excludes transactions involving the new National Constituent Assembly (which was seated last week): 5 Frequently Asked Questions (FAQ) were also updated: Venezuela Sanctions 680. Does the blocking of the Government of Venezuela impact the ability […]
Links: OFAC Notice Guidance
OFAC today added the following individuals: HASSANZADEH, Hassan (a.k.a. HASSANZADEH, Hasan (Arabic: حسن حسنزاده)), Tehran, Iran; DOB 21 Mar 1957; nationality Iran; Additional Sanctions Information – Subject to Secondary Sanctions; Gender Male; IRGC Brigadier General (individual) [IRGC] [IRAN-HR] (Linked To: ISLAMIC REVOLUTIONARY GUARD CORPS). HOSSEINI, Seyed Sadegh (Arabic: سید صادق […]
Mr. Watchlist 