ACAMS Insights: free resources on topical issues

TOP STORY

Sep

27

Despite Fanfare, Iran, EU Have Used Sanctions-Safe Payment Channel One Time

In a letter published Tuesday, Sept. 27, 2022, German officials told the Bundestag that the EU’s clearinghouse for shielding European banks from exposure to U.S. sanctions against Iran has handled only one transaction since launching in January 2019. (Alamy)

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Legs & Regs

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Enforcement Actions

The Office of Foreign Assets Control of the U.S. Treasury Department entered into a settlement agreement with the Seattle, Washington-based company for its apparent violations of multiple U.S. sanctions programs.
The Hong Kong Monetary Authority imposed a financial penalty of HK$11 million on the Hong Kong branch of the Taipei, Taiwan-based financial institution for violations of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance.