NEWS: Nine-person gang found guilty of money laundering linked to banking phone scams in the UAE

Regulatory Watch News

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  April 29, 2024 – FINTRAC advisory: Financial transactions related to countries identified by the Financial Action Task Force

  Fintrac

  April 29, 2024

  High-risk jurisdictions subject to a call for action

  The statement on high-risk jurisdictions subject to a call for action identifies jurisdictions for which the FATF has called on its members to either apply countermeasures (Democratic People's Republic of Korea (DPRK), Iran) or enhanced due diligence measures proportionate to the risks arising from the jurisdiction (Myanmar).

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  FinCEN to Host Webinar on Beneficial Ownership Information Reporting Requirements

  FinCEN

  April 29, 2024

  The Corporate Transparency Act requires many companies doing business in the United States to report information to the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) about who ultimately owns or controls them. Join a FinCEN representative for a virtual information session on beneficial ownership information reporting requirements and how to comply with the law. WHAT: Webinar on beneficial ownership information reporting requirements WHEN: Tuesday, April 30, 2 p.m. ET WHERE: www.youtube.com/@fincentreasury

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  Financial sanctions update: ISIL (Da’esh) and Al-Qaida

  OFSI

  April 29, 2024

  On 29 April 2024 the Foreign, Commonwealth and Development Office updated the UK Sanctions List on GOV.UK. This list provides details of those designated under regulations made under the Sanctions Act. Enacting the UN’s decision to amend this entry on 25 April 2024, the following entry has been amended under the ISIL (Da’esh) and Al-Qaida financial sanctions regime and remains subject to an asset freeze:

  • Sanaullah Ghafari (Group ID: 14169)