Sanctions

AML / KYC

Biden Executive Order Amends, Clarifies China Blacklist

By Manesh Samtani | 04/06/2021

The revised EO is clearer, addresses many of the problem areas in the old EO, and is more enforceable, says Nick Turner at Steptoe & Johnson.

AML / KYC

Addressing Sanctions Risk in Maritime Trade

By Manesh Samtani | 02/06/2021

Banks facilitating transactions involving maritime trade must put in place systems and processes to detect illicit activity that could result in a breach of sanctions regulations.

Sanctions

Hong Kong Considers Replacing State Street as TraHK Manager

By Editors | 26/05/2021

Officials reportedly commissioned an independent study to review State Street’s role in managing Hong Kong’s Tracker Fund.

Enforcement

HKEX Finalises Rule Changes to Enhance Market Quality

By Manesh Samtani | 21/05/2021

HKEX will increase the profit requirement to HKD 80 million in combined profits over the three years. Proposals to enhance its disciplinary powers and sanctions will also be adopted.

AML / KYC

Proliferation Financing Risk: A Due Diligence Challenge

By Manesh Samtani | 19/05/2021

Measures for detecting proliferation financing risk are designed to help identify sanctions evasion and uncover the beneficial owners of corporate entities.

AML / KYC

US, UK, Canada Announce Fresh Sanctions Against Myanmar

By Sanday Chongo Kabange | 18/05/2021

The latest sanctions actions cite attacks and human rights violations against the people of Myanmar, including the killing of children.

AML / KYC

Prospects of Western–Japanese Coordination on Human Rights Sanctions

By Sasha Erskine | 15/05/2021

Japan will set itself apart as an active sanctioning partner in Asia and further boost the global effort to combat human rights violations, writes RUSI’s Sasha Erskine.

AML / KYC

Taiwan FSC Fines Citibank, DBS for AML Violations

By Editors | 14/05/2021

The regulator cited failures related to customer due diligence, review mechanisms, transaction monitoring, risk assessment, and investigations.

AML / KYC

US Court Lifts Investment Ban Against Luokung Technology Corp

By Editors | 10/05/2021

Separately, China Mobile, China Unicom and China Telecom have lost their appeals of a NYSE decision to delist their shares.