TOP STORY

Jan

16

UK Ministers Lose Parliamentary Support for Unilateral Sanctions Powers

Photo by Shutterstock. The U.K. House of Lords rejected a government plan that would authorize ministers to establish criminal offenses for sanctions violations and blacklist individuals and entities by description rather than by name.

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ADDITIONAL STORIES

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HM Treasury modified its Consolidated List of Financial Sanctions Targets in the United Kingdom, which contains the names of designated individuals and entities subject to international asset freezing and domestic sanctions under the Terrorist Asset-Freezing etc. Act 2010.
The Council of the European Union announced that seven Venezuelan government officials are now subject to travel bans and asset freeze measures for the non-respect of democratic principles or the rule of law, as well as in the violation of human rights.

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Enforcement Actions

The National Futures Association issued a decision accepting an offer of settlement from the New York, NY-based introducing broker that required the firm to pay $15,000 for failing to fully implement an anti-money laundering program.
The U.S. Justice Department entered into a deferred prosecution agreement with the London, UK-based financial institution that requires the holding company to pay a 63,104,000 penalty and 38,400,000 in disgorgement to resolve charges related to a multi-million dollar front-running scheme.