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Sanctions
AML / KYC
Indonesia OJK Issues New AML/CFT/CPF Regulations
By Sanday Chongo Kabange | 22/06/2023
OJK’s Mahendra Siregar said the new regulations are aligned with the FATF standards, and will help Indonesia become a FATF member.
AML / KYC
Philippines Steps Up Efforts to Exit FATF ‘Grey’ List
By Ranamita Chakraborty | 20/06/2023
The Philippines’ Anti-Money Laundering Council’s executive director Matthew M. David talks to Regulation Asia about its action plan to take the country out of the Financial Action Task Force’s ‘Grey’ List.
AML / KYC
SEBI Amends AML Guidelines for Securities Market Intermediaries
By Editors | 20/06/2023
The guidelines tighten the definition of beneficial ownership and require risk assessments before launching new products and services.
Sanctions
US, UK Prepare to Use Frozen Russian Assets to Help Ukraine
By Manesh Samtani | 19/06/2023
New US law would allow frozen Russian assets to be confiscated and used to finance Ukraine’s reconstruction.
Enforcement
Canada Sanctions Iranian Judges Citing Human Rights Violations
By Mark Johnston | 19/06/2023
Canada says Iran’s Revolutionary Courts are “notorious for issuing death sentences and harsh prison terms following sham trials and based on evidence gathered under torture”.
Sanctions
OFAC Sanctions Two North Koreans Living in Beijing
By Editors | 16/06/2023
The husband and wife allegedly work for a North Korean state organisation that helps procure equipment for weapons programmes.
Sanctions
Russia to Enact Legislation Allowing it to Seize Western Assets
By Editors | 16/06/2023
The legislation would enable the Russian government to appropriate the assets of Western companies at significant discounts.
Enforcement
Bittrex Gets Court Approval to Allow Customer Withdrawals
By Mark Johnston | 14/06/2023
The DOJ had argued that allowing customer withdrawals would subordinate a government claim, but the court ruled in favour of Bittrex.
Sanctions
China Military Pilot Training Targeted by US Export Controls
By Mark Johnston | 14/06/2023
US Commerce Department’s Bureau of Industry and Security added 43 entities to its Entity List for aiding China’s military modernisation programmes.
AML / KYC
Sanctions Enforcement Not a ‘Credible Threat’: RUSI Roundtable
By Manesh Samtani | 12/06/2023
Roundtable participants said lessons should be learnt from the significant penalties that drove banks to observe the Iran sanctions regimes.
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