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Dec

11

In Global Evaluation, Israel Receives High Marks from FATF

Pedestrians cross a rain-slicked Jaffra Road in Jerusalem on Monday, Nov. 30, 2015. An intergovernmental group gave Israel high marks in a report on the country’s efforts against financial crime published Monday, Dec. 10, 2018. (Alamy)

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The Office of Foreign Assets Control, part of the U.S. Treasury Department, updated its list of Specially Designated Nationals and Blocked Persons, which designates organizations and individuals who are restricted from doing business with the United States, American companies or Americans.
The Office of Foreign Assets Control released a cumulative list of changes made to the list of Specially Designated Nationals and Blocked Persons between Jan. 1, 2018 and Dec. 14, 2018.
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Enforcement Actions

The Office of Foreign Assets Control issued the $2,774,972 penalty against the Yantai, China-based company and its affiliated companies and subsidiaries worldwide to settle potential civil liability for 11 apparent violations of the Iranian Transactions and Sanctions Regulations.
The Gibraltar Financial Services Commission entered into a regulatory settlement with the Gibraltar-based company and Brent Almeida, John Racine and Colin Piri for deficiencies in its anti-money laundering program that occurred from Jan. 1, 2017 to May 2018.