Tag: Online
Page 1/1
Regulatory Watch News
Proposal of Special Measure Regarding Banque Misr UAE as a Financial Institution Operating Outside of the United States of Primary Money Laundering Concern
FinCEN
FinCEN is issuing a notice of proposed rulemaking, pursuant to section 311 of the USA PATRIOT Act, that finds the five United Arab Emirates-based branches of Banque Misr (collectively, Banque Misr UAE) to be of primary money laundering concern and proposes imposing a special measure to: (1) prohibit U.S. financial institutions from opening or maintaining a correspondent account for, or on behalf of, Banque Misr UAE; (2) require U.S. financial institutions to take reasonable steps not to process a transaction for the correspondent account in the United States of a foreign banking institution if such a transaction involves Banque Misr UAE; and (3) require U.S. financial institutions to apply special due diligence to their foreign correspondent accounts that are reasonably designed to guard against their use toprocess transactions involving Banque Misr UAE
Update to UK Sanctions List: Afghanistan Regime
UK Government
Today, Friday 28 August, the UK Government has varied the designation of 1 individual under the Afghanistan Sanctions Regime. This reflects the update to this listing made on 27 August by the UN Security Council Sanctions Committee pursuant to resolution 1988 (2011). Varied Individual:
Name: UN ID: Unique ID: Abdul Salam Hanafi Ali Mardan QUL TAi.027 AFG0027 
Austria : GRECO publishes latest compliance report on corruption prevention in respect of members of parliament, judges and prosecutors
GRECO
GRECO has today made public its Fourth Interim Compliance Report on Austria under the Fourth Evaluation Round, setting out an assessment of the progress made by Austria in implementing GRECO’s recommendations to prevent corruption in respect of members of parliament, judges and prosecutors.
The report was adopted by GRECO at its 103rd Plenary Meeting, held in Strasbourg from 8 to 12 June 2026. Austria is expected to submit a report to GRECO on the implementation of the outstanding recommendations by 30 June 2027.
