Newsletters and Reports
21 Jan 2021 AML/CFT Regtech: Case Studies and Insights The Hong Kong Monetary Authority (HKMA) published today (21 January 2021) a report titled “AML/CFT Regtech: Case Studies and Insights” highlighting the opportunities that Regtech offers to transform the effectiveness and efficiency of Anti-Money Laundering and Counter-Financing of Terrorism (AML/CFT) efforts, […]
The annual Terrorist Assets Report is out. Some highlights: From Exhibit A (blocked funds from SDGTS and FTOs) Total blocked funds increased from $46.2MM to $63.1MM ($16.9MM increase). However, that is largely to “Other” funds rising from $9.3MM to $32.1MM ($22.8MM increase) Notable increases: Hizballah funds almost doubled ($11.6MM to […]
I was working on a new episode for the podcast, and I wanted to reference the Independent Reviewer’s quarterly report regarding the operation of the Terrorist Asset Freezing etc Act 2010 (TAFA). When I went to the latest one, though, it was just a 2-page statement and summary figures – […]
Second Quarter FY2019 Report for Licensing Activities Undertaken Pursuant to the Trade Sanctions Reform and Export Enhancement Act of 2000 (TSRA) 2nd quarter runs from January to March…. as per OFAC: Under the procedures established in its TSRA-related regulations, OFAC processes license applications requesting authorization to export agricultural commodities, medicine, […]
Banks’ risk assessment in the area of money laundering In the last quarter of 2019, the Danish Financial Supervisory Authority conducted a cross-examination of a number of smaller banks’ risk assessment in the area of money laundering. The study included 15 banks’ risk assessments. It was intended to investigate whether the […]
Earlier this month, the US Government Accountability Office (GAO) issued a report entitled “Economic Sanctions: Agencies Assess Impacts on Targets, and Studies Suggest Several Factors Contribute to Sanctions’ Effectiveness.” (Whew!) Here’s the lead “What GAO Found” section”: The Departments of the Treasury (Treasury), State (State), and Commerce (Commerce) each undertake […]
The numbers still aren’t enormous – 70,000 GBP total has been frozen under the ISIL/Al-Qaida regime, 18,000 under EU Reg 2580/2001 and 9,000 under TAFA. There were 45 total accounts frozen as of the end of the quarter, and only 2 new designations (both ISIL/AL-Qaida) and 4 delistings (also all […]
Eighth Biennial Report for Licensing Activities Undertaken Pursuant to the Trade Sanctions Reform and Export Enhancement Act of 2000 (TSRA) 8/19/2019 OFAC has released a Biennial Report of Licensing Activities pursuant to Section 906(c) of the Trade Sanctions Reform and Export Enhancement Act of 2000 (TSRA), covering activities undertaken by the Treasury […]
The UK publishes a quarterly report about its counter-terrorism sanctions program – and the one for Q4 of 2018 (calendar) is out. Here are the highlights: At the end of the quarter, 9,000 GBP was frozen under TAFA, 18,000 under EU Reg 2580/2001, and 70,000 under the ISIL/Al-Qaida regime (EU […]
Annex 1 Written Ministerial Statement ____________________________________________________________________ Operation of the UK’s Counter-Terrorist Asset Freezing Regime: 1 July to 30 September 2018 The Economic Secretary to the Treasury (John Glen): Under the Terrorist Asset-Freezing etc. Act 2010 (TAFA 2010), the Treasury is required to prepare a quarterly report regarding its exercise of […]
