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New word of the day: tolling agreement

So, Bank of Tokyo Mitsubishi UFJ Ltd’s settlement with OFAC mentioned that they entered into a tolling agreement with OFAC as part of the deal. In fact, most, if not all of the settlements I’ve reviewed involved a tolling agreement. Being a non-lawyer, I’ve always wondered what that is… so […]

Canada tightens the screws on Syria and Iran

Canadian regulators have taken 2 recent steps in enhancing their sanctions enacted against Syria & Iran under the Special Economic Measures Act (SEMA): On November 28th, the Governor in Council added 10 individuals and 3 entities, and removed 2 individuals and 1 entity from the SEMA Syria Regulations. On December […]

Hefty Sanctions Becoming Commonplace…

…or HSBC, if you couldn’t guess… HSBC finally settled the US part of its money-laundering and sanctions violation probe, paying a grand total of $1.92 billion to a number of agencies, including the NY District Attorney, OFAC, the Office of the Comptroller of the Currency (OCC) and the Federal Reserve. […]

Playing both sides of the Syrian card

OFAC today added 4 individuals and 2 entities (armed militias operating under government direction) to its SDN list under the Syrian program, and changed a pair of listings. The 2 changed listings included the Al-Nusra Front, which is considered an Al-Qaida affiliated group (there are over 20 aliases for this […]

Events Calendar added

New page on Mr. Watchlist – a list of upcoming events. For now, it has all the ACAMS conferences for 2013, as well as the ABA/ABA Money Laundering Enforcement Conference, the ACFCS conference, and the annual SIFMA conference. As I come to know of other conferences, seminars and webinars, I’ll […]