HM Treasury’s Office of Financial Sanctions Implementation issued a notice concerning the addition of one individual to the consolidated list pursuant to the Counter-Terrorism (Sanctions) (EU Exit) Regulations 2019.
HM Treasury’s Office of Financial Sanctions Implementation published a notice concerning amendments and corrections made to the entries for two individuals designated under the Russia (Sanctions) (EU Exit) Regulations 2019.
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Austrian court upholds fine against bank employees, German lenders push lawmakers to scrap individual liability, and more, in the weekly roundup.
Caribbean Banks Found Workarounds After Losing Correspondent Accounts
At least nine Caribbean banks that have lost access to U.S. correspondent accounts as a result of the “de-risking” trend now access U.S. dollars indirectly, usually at higher costs, through their ties to U.K. and other overseas financial institutions, sources told ACAMS moneylaundering.com.
Midweek Roundup: France Lobbies for Softer BNP Penalty, Moneyval Warns on Bosnia-Herzegovina, and More
Midweek Roundup: U.S. Reportedly Worked with Cartel to Gather Data, JPMorgan to Strengthen Checks on Cash Deposits, and More
The Turks and Caicos Islands Financial Services Commission imposed a financial penalty on the London, England-based financial institution for violations of the jurisdiction’s anti-money laundering and counterterrorist financing rules and regulations.
The Turks and Caicos Islands Financial Services Commission penalized two entities during the period of October to December 2022 for anti-money laundering and counterterrorist financing noncompliance.
|Compliant : 21||High : 0|
|Largely Compliant : 14||Substantial : 0|
|Partially Compliant : 4||Moderate : 6|
|Non-Compliant : 1||Low : 5|
The Turks and Caicos Islands' technical compliance was re-rated in a Dec. 20, 2022 follow-up report
|Rank : 57/141|
|Score : 5.35/10|
|Rank : N/A|
|Score : N/A|
|Rank : 92/133|
|Score : 78/100|