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UK government releases two more TAFA quarterly reports

Her Majesty’s Treasury (HMT) produces reports for Parliament that document the operation of the sanctions under the authority of the Terrorist Asset-Freezing etc Act 2010 (TAFA). The latest reports are for July-September 2017 and October-December 2017. The reports document basic statistical information – how many new designations, how many delistings, […]

May 22, 2018: HMT launches new reporting form

  Guidance Reporting information to OFSI – what to do If you suspect that a breach of financial sanctions has occurred, you need to contact OFSI at the earliest opportunity. Published 4 August 2017  Last updated 22 May 2018 — see all updates From: HM Treasury and Office of Financial Sanctions Implementation   Contents […]

OFAC’s 2016 Terrorist Asset Report is out!

On December 1st, OFAC released the 2016 Terrorist Assets Report. Some highlights: Approximately $149 million in assets relating to the three designated state sponsors of terrorism in 2016 have been identified by OFAC as blocked pursuant to economic sanctions imposed by the United States.2 There was a significant reduction in […]

FinCEN Issues 3rd SAR Stats Technical Bulletin

FinCEN Issues Third Edition of SAR Stats Technical Bulletin   The Financial Crimes Enforcement Network (FinCEN) has issued full Suspicious Activity Report (SAR) statistics through Dec. 31, 2016, reflecting data nationwide and by individual states and territories. This edition contains a new feature—where County and Micro & Metropolitan Statistical Area […]

Australian financial planners are a happy medium (risk)

AUSTRAC Risk Assessment of Financial Planning Industry 21 December 2016 Australia’s first risk assessment of money laundering and terrorism financing within the financial planning industry has found a “medium” level risk across the sector. This is the second risk assessment of key financial sectors by the Federal Government’s financial intelligence […]