Sanctions

AML / KYC

Index Providers to Remove More Chinese Firms from Indexes

By Editors | 26/01/2021

MSCI and FTSE Russell say they will remove five more Chinese companies from their global indexes in the absence of further OFAC guidance.

AML / KYC

BSP Highlights AML Risks of Cash, Cross-Border Payments

By Editors | 24/01/2021

Suspected criminal proceeds mostly came from Australia, Germany, Singapore, the UK and the US. The top destinations of suspected illicit funds were Hong Kong, Singapore and the US.

AML / KYC

China Sanctions 28 Trump Officials as Biden Takes Office

By Editors | 21/01/2021

The 28 officials and their immediate family members will be barred from entering China, Hong Kong and Macao, and restricted from doing business with China.

AML / KYC

Financial Crime 2021: Digital ID, Due Diligence, Sanctions

By Editors | 21/01/2021

Last year’s financial crime landscape forced many FIs to rapidly adapt to evolving threats. In the year ahead, a continued focus on risk mitigation is prudent.

AML / KYC

UPDATED: Philippine Senate Approves Amendments to AML Law

By Editors | 19/01/2021

The approval comes ahead of an evaluation by the FATF, slated for February, as the Philippines seeks to avoid being gray-listed.

AML / KYC

US Sanctions Six More Chinese, Hong Kong Officials

By Editors | 17/01/2021

The latest designations are a response to the arrest of 53 pro-democracy politicians and activists this month. Hong Kong’s government called the move “insane, shameless and despicable”.

Sanctions

HKMA May Replace State Street as Manager of Tracker Fund

By Editors | 13/01/2021

State Street will no longer be able to buy shares in companies sanctioned by the US, including China Mobile and China Unicom.

AML / KYC

China Issues New Rules to Protect from Foreign Sanctions

By Manesh Samtani | 11/01/2021

Global businesses that comply with sanctions deemed illegal by MOFCOM can be sued for compensation in Chinese courts.

Sanctions

US Banks to Delist Hong Kong Listed Structured Products

By Manesh Samtani | 11/01/2021

The move is said to be a direct result of a prohibition on US persons from purchasing shares in companies identified to be linked to the Chinese military.