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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 Reserve Bank of India imposed a monetary penalty of one lakh 80,000 rupees against the Maharashtra, India-based bank for violations of the Banking Regulation Act, 1949, with respect to non-compliance of know-your-customer guidelines.