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Finanstilsynet Inspection Report: Lake Exchange ApS

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 […]

OFSI updates 15 DRC listings

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 […]

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, […]

FCA Notice: unauthorized foreign exchange investment xchloesworld

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 […]