Amendments to the DPRK regime Amendments have been made to the Democratic People’s Republic of Korea financial sanctions regime. 11 entries have been removed from the Consolidated List. They do however remain subject to other sanctions under the Sanctions Act. Further information is available in the UK Sanctions List. Further, amendments have […]
Nordic-Baltic countries engage the IMF to conduct an analysis of cross-border money laundering and terrorist financing risks in the region The eight countries of the Nordic-Baltic Constituency of the International Monetary Fund (IMF) have taken the initiative to engage the IMF to conduct a regional analysis of money laundering (ML) […]
Statement on inspection in Lake Exchange ApS (money laundering area) In November 2020, the Danish Financial Supervisory Authority inspected Lake Exchange ApS. The inspection was an investigation of the money laundering area. The inspection included the company’s risk assessment, policies, procedures and internal controls. In addition, the inspection included customer due diligence procedures […]
1. The Democratic Republic of the Congo (Sanctions) (EU Exit) Regulations 2019 (S.I. 2019/433) were made under the Sanctions and Anti-Money Laundering Act 2018 (the Sanctions Act) and provide for the freezing of funds and economic resources of certain persons, entities or bodies which are, or have been, involved in […]
FinCEN and Federal Banking Agencies issue SAR and AML Requirements FAQ FCA Notice: unauthorized foreign exchange investment xchloesworld EU establishes end-user certificates approach SECO removes 2 from Iraq sanctions
Swiss authorities have removed the following 2 persons: SSID: 70-1367 Name: Zuhair Talib Abd-al-Sattar Al-Naqib DOB: 1948 (approximately) Nationality: Iraq Justification: Director, Military Intelligence Modifications: De-listed on 18 Jan 2021 SSID: 70-1390 Name: Amir Rashid Muhammad Al-Ubaidi DOB: 1939 POB: Baghdad, Iraq Nationality: Iraq Justification: Minister Of Oil, 1996–2003; Head, […]
Arms exports control: Council establishes a EU approach on end-user certificates The EU will soon have a more uniform approach to the export of small arms and light weapons (SALW) and their ammunition. The Council adopted a decision establishing a set of common features that end-user certificates for the export […]
FCA warns consumers about unauthorised forex investment xchloesworld News stories First published: 13/01/2021 Last updated: 13/01/2021 On Tuesday 12 January we updated our consumer warning against an unauthorised online trader using Instagram, known as chloefxtrades / chloehenx, to include a further account xchloesworld. This account has been promoted widely on social media and we want consumers to be aware that it […]
FinCEN and Federal Banking Agencies Issue Frequently Asked Questions Regarding Suspicious Activity Reporting and Other Anti-Money Laundering Requirements The Financial Crimes Enforcement Network (FinCEN), jointly with the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the Office of the […]
What’s in Capital One’s wallet? $390 million less than there used to be… State issues Visa Restrictions on Tanzanian officials Get ‘em while they’re hot: changes in counter terrorism, Venezuela, CAATSA-Russia and Yemen sanctions programs. More corrections by OFSI OFSI removes 2 from Iraq sanctions
