Tag: Najib Razak
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Regulatory Watch News
Treasury Sanctions Government Officials, Nicaraguan Regime-Linked Gold Firms, and Individuals Involved in Seizing U.S.-Owned Property
OFAC
WASHINGTON—Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned five individuals and seven companies that operate in Nicaragua’s gold sector of the Nicaraguan economy and help the Murillo-Ortega dictatorship generate money and maintain political control in Nicaragua. Those targeted today include Nicaraguan entities and individuals involved in the forceful seizure of U.S.-owned property in Nicaragua; Nicaragua’s Vice Minister of the Ministry of Energy and Mines; Nicaraguan entities that have assumed gold concessions previously held by sanctioned parties; and two sons of Rosario Murillo and Daniel Ortega, Nicaragua’s co-presidents, who serve as officials in the Nicaraguan government.
Update to UK Sanctions List: Afghanistan Regime and Global Human Rights Regime
UK Government
Today, 16 April, the UK government varied 1 entity and 2 individuals under the Afghanistan sanctions regime and corrected 1 entity under the Global Human Rights regime Entities Varied:
Individuals Varied:Name Unique ID HAJI KHAIRULLAH HAJI SATTAR MONEY EXCHANGE AFG0001
Entities Corrected:Name Unique ID Khalil Ahmed HAQQANI AFG0118 Abdul Rauf ZAKIR AFG0130 Name Unique ID BSQUARE TECHNOLOGY CO. LTD GHR0183 
AMLA consults on group-wide requirements and business-wide risk assessment
AMLA
Obliged entities have an obligation to identify risk of money laundering or terrorist financing across their operations. A business-wide risk assessment is key for determining the entity’s risk exposure and ensuring it has adequate AML/CFT controls. The draft Guidelines under AMLR Article 10(4) set out minimum expectations for all obliged entities, across the financial and non‑financial sectors, while allowing for proportionality based on the entity’s size, business model and risk profile. They support entities in making informed, risk-based decisions on how to manage their specific risk exposure.
