The Monetary Authority of Singapore (MAS) issued a notice last Thursday announcing its intention to regulate virtual currencies in order to manage AML/CTF risks: 2 Virtual currency transactions, given their anonymous nature, are particularly vulnerable to ML/TF risks. To address this, MAS will introduce regulations to require virtual currency intermediaries1 […]
Today, DFAT announced that the following person, previously thought to be associated with Al-Qaida, was removed from its Consolidated List, following the same action at the United Nations: QI.N.165.04. Name: 1: YACINE 2: AHMED 3: NACER 4: na Title: na Designation: na DOB: 2 Dec. 1967 POB: Annaba, Algeria Good […]
Of course, that's just an alias (he's actually Eduardo Mendoza Robles) for the latest addition to the SDN List: MENDOZA ROBLES, Eduardo (a.k.a. “ZETA 33”); DOB 05 Dec 1966; POB Nuevo Laredo, Tamaulipas, Mexico; citizen Mexico; R.F.C. MERE661205MQ3 (Mexico); C.U.R.P. MERE661205HTSNBD09 (Mexico) (individual) [SDNTK]. Link: OFAC Notice Posted with […]
Last Wednesday, Her Majesty's Treasury noted that the Council of the European Union has adopted Council Regulation (EU) No 224/2014, which establishes a financial sanctions regime for the Central African Republic. However, as of the current time, there are no listed persons or entities sanctioned under this program. Link: HMT […]
The European Parliament voted to amend the draft Anti-Money Laundering Directive (AMLD) so that beneficial owners of EU companies and trusts would have to be listed in public registries, which would be shared across Europe: Under the anti-money laundering directive (AMLD), as amended by the vote, a public central register […]
File this under CIP (Customer Identification Program) – until this ruling, non-resident aliens had to provide a valid passport as proof of identity. Now, certain US documents are also acceptable: Since the issuance of the original recordkeeping and verification requirements for dealers in foreign exchange, the United States has authorized […]
“Goldilocks and the three sanctions” came out just in time for the winter ACAMS conference. It's about what makes sanctions programs effective, ineffective and/or counterproductive – too hard, too soft or just right! It's now on the Publications page – and below, of course. And, yes, there is a glaring […]
Come say hi at the Accuity booth! Posted with Blogsy
This is the history of the EU's Eritrea sanctions program: In light of the fact that Eritrea is considered to have actively fuelled the conflict in Somalia through support to Al-Shabab, and in addition had not complied with Security Council calls to resolve the border dispute with its neighbour Djibouti, […]
This is how the sanctions against Myanmar have evolved: In October 1996, the EU introduced various types of sanctions against Myanmar (Burma) and its leadership due to serious flaws with regard to democracy and human rights. The aim of these sanctions was to increase the pressure on the country's military […]
Mr. Watchlist 