Compliance News, EU/Europe, Featured Article
Category: EU/Europe
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Regulatory Watch News
Financial sanctions update: Russia
OFSI
On 8 January 2025 the Foreign, Commonwealth and Development Office updated the UK Sanctions List on GOV.UK. This list provides details of those designated under regulations made under the Sanctions Act. The following entry has been amended to the Russia financial sanctions regime and is still subject to an asset freeze and trust services sanctions:
- ZAPCHASTTRADE LLP (Group ID: 16636)
FATF President Elisa de Anda addressed participants at today’s FATF Joint Experts Meeting hosted by UNODC
FATF
"Almost 80% of countries are at a low or moderate level of effectiveness on asset recovery. This is a stark reality. 80% of countries around the world are not able to achive significant outcomes in confiscating criminal property. This not only allows criminals to benefit monetarily but gives life to their future operations." Elisa de Anda Madrazo FATF President Joint Experts Meeting 8 January 2025
Fraudulent websites and internet banking login screens related to Nanyang Commercial Bank, Limited
HKMA
The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by Nanyang Commercial Bank, Limited relating to fraudulent websites and internet banking login screens, which have been reported to the HKMA. A hyperlink to the press release is available on the HKMA website.