Community

Real estate is an attractive investment vehicle and this appeals to both investors and criminals because the investment is generally stable and is likely to appreciate over time. Residential and commercial […]

The US Treasury’s Office of Foreign Assets Control (OFAC) announced that TD Bank, N.A. has agreed to pay $115,005.04 to settle its potential civil liability for violations of the North Korea Sanctions R […]

The Financial Conduct Authority in December 2021 fined the U.K. unit of HSBC Holdings Plc 64 million pounds ($85 million) after finding “serious weaknesses” in the automated processes it used to monitor sus […]

The EU has updated its list of dual-use items that are subject to export controls in line with amendments to international non-proliferation regimes and export control arrangements. For more information click here

The Department of State has issued the 2020 Country Reports on Terrorism (CRT), which provides a detailed look at the counter-terrorism environment in 2020 which is a fulfilment of an important congressional […]

Following the peaceful transfer of power in Burundi after their elections in May last year, the UK has now amended its Burundi sanctions regime. The new sanctions regime can be found here:

Burundi (Sanctions) […]

The UN has called for submissions regarding two thematic reports that are due to be submitted to the Human Rights Council and the General Assembly. These are:

Secondary sanctions, civil and criminal penalties […]

The structure and the format of the UK sanctions list is changing from 22nd February 2022. This guidance is to help relevant organisations understand and prepare for the change. According to the Office of […]

On 10th January 2022, The European Commission reviewed progress in addressing strategic deficiencies of countries listed in Regulation (EU) 2016/1675 that have been delisted in June or October 2021 by the FATF or […]

The Financial Crimes Enforcement Network (FinCEN) on 24th January 2022 issued a Notice of Proposed Rulemaking (NPRM) to solicit public comment on the establishment of a limited-duration pilot program for sharing […]

The COP 26 climate change conference in Glasgow this November reminded us all about the importance of taking care of our planet. Environmental, Social, and Governance (ESG) priorities have become increasingly […]

The head of Mexico’s financial intelligence unit  was replaced on Monday, 8th November 2021. According to the Mexican government,  a large amount of cash was found in possession of guests on the way to his w […]

On 12th November, the FCA reported a fine of over £600,000 to Sunrise Brokers LLP for deficient anti-money laundering systems and controls.

This is the second case brought by the FCA concerning cum-ex […]

In the latest report by the ICIJ, the leaked records continue to expose billions of dollars of spending by the rich and famous celebrities and politicians, oligarchs and other members of the uber-rich in luxury […]

On 18 October 2021, the US Treasury published its 2021 Sanctions Review. The review concluded that:

The “operational architecture” of US sanctions must be adapted and modernised to consider emerging cha […]

On October 21, 2021, the FATF added Jordan, Mali, and Turkey to its list of the Jurisdictions under Increased Monitoring and removed Botswana and Mauritius.  

The FATF’s list of High-Risk Jurisdictions Sub […]

On 1st November, In response to Afghanistan’s Taliban takeover in August, OFSI updated its Charity Sector Guidance.

The Taliban takeover created a complex situation where people subject to financial sanctions […]

The European Union amended the criteria for its Democratic Republic of the Congo sanctions regime, adding “planning, directing, sponsoring or participating in attacks… against medical personnel or hum […]

ECOWAS Economic Community of West African States, following its 7 November 2021 summit, announced the imposition of sanctions on Mali (travel ban and asset freeze) on the Malian transition authorities, transition […]

On 22 October, the Financial Action Task Force (FATF), set up by the G7 group of advanced economies to protect the global financial system, has downgraded Turkey to the grey list. Mali and Jordan have also been […]