On Oct. 17, 2020, the 22nd Session of the Standing Committee of the 13th National People’s Congress deliberated and adopted the Export Control Law of the People’s Republic of China, which will come into force on Dec. 1, 2020.
The Hong Kong Securities and Futures Commission issued a notice to licensed entities and corporations concerning changes to the jurisdiction’s sanctions regime.
Mexican FIU freezes hundreds of bank accounts, FinCEN details red flags of unemployment insurance fraud, and more, in the midweek roundup.
Financial Times correspondent Tom Burgis spoke to senior reporter Koos Couvée about modern kleptocrats, the extent to which they have united their efforts, and aided by top attorneys and secret offshore finance, penetrated “rule of law” states in the West.
The Hong Kong Securities and Futures Commission issued an order banning Joanna Chu Lai Wa, former director and responsible officer of Shenzhen, China-based Guosen Securities (HK) Brokerage Company, Limited for her failure to implement adequate AML/CTF controls.
Hong Kong’s Securities and Futures Commission penalized Guotai Junan Securities (Hong Kong) Limited HK$25.2 million for anti-money laundering violations that included improper handling of third party transfers and late reporting.
|Compliant : 7||High : 0|
|Largely Compliant : 18||Substantial : 3|
|Partially Compliant : 9||Moderate : 4|
|Non-Compliant : 6||Low : 4|
Pakistan's technical compliance was re-rated in a Oct. 1, 2020 follow-up report
|Rank : 19/125|
|Score : 6.59/10|
|Rank : 80/180|
|Score : 41/100|
|Rank : 25/133|
|Score : 60/100|