Sanctions

AML / KYC

FATF Releases Mutual Evaluation Report for Japan

By Manesh Samtani | 30/08/2021

The report says more needs to be done to combat organised crime and WMD proliferation risks, and a joint-agency body should be designated for setting national AML/CFT policies.

AML / KYC

Screening Financial Instruments for Investment-related Sanctions Risk

By Manesh Samtani | 26/08/2021

Refinitiv identified over 190,000 financial instruments relevant to the US investment ban against Non-SDN Chinese Military-Industrial Complex Companies as of 28 July.

AML / KYC

Adoption of Anti-Sanctions Law in Hong Kong Deferred – Reports

By Sanday Chongo Kabange | 25/08/2021

Hong Kong’s delegate to the NPC Standing Committee Tam Yiu-chung says the vote was delayed pending further study.

Market Infrastructure

Australia Consults on Disciplinary Body for Financial Advisers

By Editors | 11/08/2021

The government is consulting on regulations to support the establishment of the single disciplinary body that will form part of the new regime for financial advisers.

AML / KYC

North Korea Continues to Evade Sanctions – Report

By Editors | 10/08/2021

A draft report by a UN panel of experts says North Korea has continued to evade sanctions through open sea ship-to-ship transfers and other means.

AML / KYC

Good Intentions: The FATF Faces Its Own Unintended Consequences

By Tom Keatinge | 08/08/2021

The FATF’s unintended consequences study will point to necessary reforms that the watchdog will be unwilling to undertake.

AML / KYC

Australia to Introduce Magnitsky-style Sanctions Law

By Manesh Samtani | 08/08/2021

Australia will be able to impose targeted financial sanctions and travel bans against individuals and entities without the need for specific country-based regimes.

AML / KYC

China’s Opposition to Cryptocurrency is Ideological – Report

By Manesh Samtani | 05/08/2021

A new Chainalysis report explains China’s crackdown on cryptocurrency, the country’s role in crypto-related crime, and the implications of a digital yuan.

AML / KYC

Philippine AMLC Issues Guidance on TFS Delisting, Unfreezing Orders

By Sanday Chongo Kabange | 02/08/2021

Designated persons shall apply to the AMLC for authorisation if they wish to deal with or access funds or assets that are frozen due to targeted financial sanctions.