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March 8, 2018: HKMA issues FATF counter-proliferation guidance
Actually, two guidances – one for stored value facility licensees and one for Authorized Institutions. Here’s the text of the Authorized Institutions one: 8 March 2018 The Chief Executive All...
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March 9, 2018: Central Bank of Ireland’s Financial Sanctions Spring Update
Financial Sanctions update Spring 2018 There is a legal obligation to comply with EU Council Regulations relating to financial sanctions as soon as they are adopted. Once a person or entity has been...
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Central Bank of Russia Enforcement Action: Telecommerce Bank
The Central Bank of the Russian Federation (Bank of Russia) Press Service 12 Neglinnaya Street, Moscow, 107016 Russia; www.cbr.ru Information Notice On revocation of banking licence from Telecommerce...
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March 22, 2018: OSFI, FINTRAC post latest FATF advisories
On March 22nd, both Canada’s FIU (FINTRAC) and its bank regulator (OSFI) posted links to the latest FATF advisory. OSFI’s link literally just takes you to the FINTRAC main page, so here’s the FINTRAC...
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March 9, 2018: HK SFC Circular
Circular to Licensed Corporations and Associated Entities Anti-Money Laundering / Counter-Terrorist Financing FATF Guidance on Counter Proliferation Financing We would like to draw the attention of...
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March 13, 2018: HMT publishes FATF advisories
Office of Financial Sanctions Implementation Treasury publishes AML and CTF notice HM Treasury has published an Advisory Notice which identifies jurisdictions with strategic deficiencies in their...
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Central Bank of Russia revokes AC Bank license
The Central Bank of the Russian Federation (Bank of Russia) Press Service 12 Neglinnaya Street, Moscow, 107016 Russia; www.cbr.ru Information Notice On revocation of banking licence from AC Bank and...
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Central Bank of Russia revokes UMUT license
The Central Bank of the Russian Federation (Bank of Russia) Press Service 12 Neglinnaya Street, Moscow, 107016 Russia; www.cbr.ru Information Notice On revocation of banking licence from non-bank...
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Central Bank of Russia revokes LIGHTBANK license
The Central Bank of the Russian Federation (Bank of Russia) Press Service 12 Neglinnaya Street, Moscow, 107016 Russia; www.cbr.ru Information Notice On revocation of banking licence from LIGHTBANK...
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Mr. Watchlist quoted in Compliance Week!
Saw this today – it’s more AML-focused than sanctions-focused, but it comes from a 15-minute interview I did last week for them. Yes, they misquoted me (it should be obvious) slightly, but we’ve asked...
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Hong Kong stops ICO
Latest update 最新訊息 SFC’s regulatory action halts ICO to Hong Kong public 19 Mar 2018 ICO issuer Black Cell Technology Limited (Black Cell) has halted its initial coin offering (ICO) to the Hong...
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April 3, 2018: FinCEN issues updated CDD Rule guidance
This new FAQ document supersedes the July 2016 one. It’s lengthy – 24 pages. Mr. Watchlist will see the feasibility of posting sections in multiple posts. Edited with BlogPad Pro
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MAS Enforcement Action: Standard Chartered Bank & Standard Chartered Trust
MAS Imposes Penalties on Standard Chartered Bank and Standard Chartered Trust for AML/CFT Breaches Singapore, 19 March 2018 … The Monetary Authority of Singapore (MAS) announced today that it has...
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March 20, 2018: HK SFC AML/CTF Circular
Circular to Licensed Corporations and Associated Entities Anti-Money Laundering / Counter-Terrorist Financing (1) FATF Statement on Democratic People’s Republic of Korea and Iran (2) FATF...
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Another perspective: FINTRAC Operational Alert on DPRK money laundering
Consider this an adjunct to OFAC’s shipping advisory… Operational alert: Democratic People’s Republic of Korea’s use of the international financial system for money laundering/terrorist financing...
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March 26, 2018: HK SFC AML/CTF Circular
On March 26th, the Hong Kong Securities and Futures Commission (HK SFC) issued an anti-money laundering and counter terrorist financing (although they use CFT as an acronym) circular. It contained two...
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April 6, 2018: FATF releases Iceland Mutual Evaluation Report
FATF News 6 April 2018 Iceland’s measures to fight money laundering and the financing of terrorism and proliferation Paris, 6 April 2018 – Iceland needs better internal cooperation and coordination to...
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FinCEN Enforcement Action: Artichoke Joe’s gets a discount, if they behave
Update on FinCEN’s Penalty Against California Card Club for Willful Violation of Anti-Money Laundering Controls FinCEN has settled and issued a new Assessment against Artichoke Joe’s Casino (AJC) and...
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Ole! FinCEN Venezuela Advisory now in Spanish
FinCEN Issues Spanish Language Version of Its Advisory Regarding Corrupt Venezuelan Money Flowing to U.S. The Financial Crimes Enforcement Network (FinCEN) today made available in Spanish an...
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May 8, 2018: FinCEN reminds you it’s time to move to the 21st Century…
FinCEN Reminds CTR Filers of Batch Filing Deadline FinCEN issued a notice today to remind financial institutions that Currency Transaction Reports (CTRs) will no longer be accepted in ACSII format...
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