Sanctions

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.

Sanctions

State Street Updates TraHK Prospectus as US Sanctions Take Effect

By Sanday Chongo Kabange | 01/08/2021

In an addendum, State Street says TraHK units will not be offered or sold in the US or to US persons located outside the US.

AML / KYC

Crypto to Become One of the ‘Safest Environments Ever’

By Manesh Samtani | 28/07/2021

Experts discuss regulatory fragmentation, rapid travel rule adoption, and good compliance practices for VASPs.

AML / KYC

Australia Jails Sydney Man for Breaching North Korea Sanctions

By Manesh Samtani | 28/07/2021

The AFP uncovered evidence that the man was generating income for North Korea’s government by facilitating the transfer of various commodities to and from the country.

AML / KYC

China Names First Targets of Anti-Foreign Sanctions Law

By Editors | 25/07/2021

China has sanctioned former US Secretary of Commerce Wilbur Ross, 5 other individuals, and a nonprofit organisation.

AML / KYC

US Government Warns Of Rising Business Risk in Hong Kong

By Editors | 18/07/2021

A business advisory from four US government agencies says US firms should be aware of the risks they face if they continue operating in Hong Kong.

AML / KYC

Covid-19 Forced Companies to Short-cut KYC, Due Diligence

By Ranamita Chakraborty | 13/07/2021

A new Refinitiv report has found that Covid-19 substantially increased customer and third-party risks. Yet it also increased focus on ESG and green crime.

AML / KYC

US, Switzerland Announce New Sanctions Against Myanmar

By Sanday Chongo Kabange | 07/07/2021

The Treasury has sanctioned 22 more individuals connected to Myanmar’s military, while the Department of Commerce added four companies to its Entity List.

Crypto / Digital Assets

SFC Sets Out Key Priorities in Annual Report

By Manesh Samtani | 03/07/2021

The SFC is implementing a number of projects that seek to leverage new technologies to enhance risk detection and workflow efficiency.