On 12th April 2021, OFAC published an amended version of the Trade Sanctions Reform and Export Enhancement Act of 2000 (TSRA), and four frequently asked questions (FAQs) relating to the
OFAC has amended and reissued in their entirety the Somalia Sanctions Regulations, 31 C.F.R. part 551. This final rule replaces the regulations that were published in abbreviated form on May
On 29th March 2021, The Money Laundering and Terrorist Financing (Amendment) (High-Risk Countries) Regulations 2021 introduced a new UK list of high-risk third countries for enhanced customer due diligence requirements.
On 14th April, The Joint Money Laundering Steering Group (JMLSG) published proposed revisions to Sector 15 (Trade Finance) in Part II of its Guidance. As part of the proposed changes,
The Financial Action Task Force (FATF), the inter-governmental watchdog that establishes standards for anti-money laundering (AML) and know-your-customer (KYC) requirements, has published new draft guidance for decentralised platforms. FATF made headlines two
The document titled ‘Global Britain in a competitive age’ outlines a vision for a leaner and meaner Britain by 2030—one that is more resilient to threats, more innovative, and more
The European Union plans to impose targeted sanctions on several individuals in Eritrea for their alleged role in human rights abuses and atrocities in northern Ethiopia. Even though the details
The European Banking Authority (EBA) recently published revised guidelines for money-laundering and terrorist-financing risk factors, including guidance on related risk assessments and customer due diligence (CDD) for beneficial owners. The
U.S. authorities will impose new anti-money laundering rules on the art and antiquity market, which is believed to have been frequently used for concealing the origins of illegally obtained money
The Nigerian Securities and Exchange Commission (SEC) said it had suspended its plans to regulate cryptocurrencies in light of the recent decision by the Central Bank of Nigeria (CBN) to
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