United KingdomHM Treasury issued a notice concerning amendments made to the identifying information for two individuals and three entities following changes to Council Regulation (EC) 1183/2005, which imposes financial sanctions against the Democratic Republic of the Congo.
The United Kingdom’s National Crime Agency announced that Seyed Sajjad Shahidian, who was arrested on Nov. 11, 2018 by officers and extradited to the U.S. in May 2020, was sentenced for conducting financial transactions in violation of U.S. sanctions against Iran.
Danske Bank plans to shed 1,600 jobs, Citgroup fined for failing to manage risk, and more, in this week’s roundup.
UK Payments Group Disbands After Former Chief is Charged with Money Laundering
A U.K. industry group for remittance firms will close down after suffering a “fatal reputational blow” from charges of money laundering and other offenses against its former chairman last month.
Midweek Roundup: BNP Paribas Hit with Epstein Subpoena, Swiss Accuse Bank of AML Breaches, and More
Kleptocrats of the World Have United: Author
The U.K. Solicitors Regulation Authority issued a £19,200 penalty pursuant to an agreement with the Cambridge, United Kingdom-based firm for its anti-money laundering and customer due diligence failures.
The Solicitors Regulation Authority of the United Kingdom issued a decision striking off Stephen Michael Oakley, former director of Oakley and Davies Limited, for his conviction on money laundering charges connected to the purchase of property for a client.
| Technical | Effectiveness |
|---|---|
| Compliant : 23 | High : 4 |
| Largely Compliant : 15 | Substantial : 4 |
| Partially Compliant : 2 | Moderate : 3 |
| Non-Compliant : 0 | Low : 0 |
| Rank : 106/125 |
| Score : 4.13/10 |
| Rank : 12/180 |
| Score : 77/100 |
| Rank : 12/133 |
| Score : 46/100 |