Top-level holder for general regulatory stuff
Banks’ transaction monitoring in the area of money laundering needs to be improved The Danish Financial Supervisory Authority, together with international consulting firms, has investigated the transaction monitoring in the country’s seven largest banks. The study showed that banks spend a lot of resources on transaction monitoring, but that changes […]
Issuance of amended Weapons of Mass Destruction Trade Control Regulations Release date12/23/2021Body The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is amending the Weapons of Mass Destruction Trade Control Regulations, 31 CFR part 539, to add a June 28, 2005 Executive order as an authority, remove the […]
Corporate report Quarterly report to Parliament: 1 July 2020 to 30 September 2020 (‘TAFA 2010’) Published 19 January 2021 Written Ministerial Statement Operation of the UK’s Counter-Terrorist Asset Freezing Regime: 1 July 2020 to 30 September 2020 The Economic Secretary to the Treasury (John Glen): Under the Terrorist Asset-Freezing etc. […]
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 […]
This is the report which identifies foreign financial institutions (FFIs) which have conducted “significant” transactions with the people identified in the previous Section 5(a) report (there were 10). Feel free to read it – it’s only 2 pages long. But here’s the important part, at the end: FOREIGN FINANCIAL INSTITUTIONS […]
Reminder: Frozen Assets Reporting 2020 Every year HM Treasury carries out a review of frozen assets to update its records and to capture any changes during the reporting period. If you hold or control funds or economic resources belonging to, owned, held, or controlled by a designated person, you are […]
Publication of International Criminal Court-Related Sanctions Regulations; Amended Weapons of Mass Destruction Proliferators Sanctions Regulations and Iranian Transactions and Sanctions Regulations Release date 09/30/2020 Body The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is adding regulations to implement Executive Order 13928 of June 11, 2020 (“Blocking Property of Certain […]
Reminder for the Annual Report of Blocked Property Release date 09/22/2020 Body On July 1, 2020, the Office of Foreign Assets Control (OFAC) issued a recent action notice, reminding holders of property blocked pursuant to OFAC sanctions regulations published in Chapter V of Title 31 of the Code of Federal […]
Frozen assets reporting 2020 Every year HM Treasury carries out a review of frozen assets to update its records and to capture any changes during the reporting period. If you hold or control funds or economic resources belonging to, owned, held, or controlled by a designated person you are required […]
Reminder to file the 2020 Annual Report of Blocked Property 7/1/2020 31 C.F.R. § 501.603 of the Reporting, Procedures and Penalties Regulations (RPPR) requires holders of blocked property to provide the Office of Foreign Assets Control (OFAC) with a comprehensive list of all blocked property held as of June 30 of […]
Mr. Watchlist 