United KingdomHM Treasury’s Office of Financial Sanctions Implementation issued a notice concerning amendments made to the consolidated list entry for one individual designated pursuant to the ISIL (Da’esh) and Al-Qaida (United Nations Sanctions) (EU Exit) Regulations 2019.
Therese Chambers, Joint Executive Director of Enforcement and Market Oversight at the Financial Conduct Authority, delivered a speech at the City & Financial FCA Investigations and Enforcement Summit.
U.S. Supreme Court could upend AML rules, Jamie Dimon denies Epstein communications, and more, in the midweek roundup.
UK Officials List ‘High Priority’ Exports Aiding Russia’s War Machine
Britain has warned exporters and financial institutions to more thoroughly vet shipments of certain, “high priority” banned goods that Russia has deployed against the Armed Forces of Ukraine.
The U.K. Gambling Commission ordered the Ta’ Xbiex, Malta-based gambling operator to pay £305,150 towards socially responsible causes in lieu of a financial penalty for social responsibility and anti-money laundering failures.
The United Kingdom’s Gambling Commission imposed a monetary penalty against Isle of Man-based entity for various anti-money laundering deficiencies and social responsibility failures.
| Technical | Effectiveness |
|---|---|
| Compliant : 23 | High : 4 |
| Largely Compliant : 15 | Substantial : 4 |
| Partially Compliant : 2 | Moderate : 3 |
| Non-Compliant : 0 | Low : 0 |
| Rank : 116/141 |
| Score : 4.02/10 |
| Rank : 12/180 |
| Score : 77/100 |
| Rank : 12/133 |
| Score : 46/100 |