Tag: AfD
Page 1/1
Regulatory Watch News
Treasury Sanctions Houthi Network Procuring Weapons and Commodities from Russia
OFAC
WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) took action against a network of Houthi financial facilitators and procurement operatives working in coordination with Sa’id al-Jamal, a senior Houthi financial official backed by Iran’s Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF). This network has procured tens of millions of dollars’ worth of commodities from Russia, including weapons and sensitive goods, as well as stolen Ukrainian grain, for onward shipment to Houthi-controlled Yemen. Additionally, OFAC has identified eight digital asset wallets used by the Houthis to transfer funds associated with their activities.
PRA takes action against a former Notified Non-Executive Director of Wyelands Bank Plc for breaches of the PRA’s Individual Conduct Rule 2
Prudential Regulatory Authority
The Prudential Regulation Authority (PRA) has fined Mr George Jay Hambro, a former notified non-executive director (Notified NED) of Wyelands Bank Plc (Wyelands), £72,000 for breaching PRA Individual Conduct Rule 2 in relation to three matters. This rule states that ‘You must act with due skill, care and diligence.’ Mr Hambro’s conduct between 3 July 2017 and 19 February 2020 fell below the standards expected of a person in his position in an authorised firm and demonstrated a serious lack of due skill, care and diligence in relation to: the recognition of capital, large exposures assessments, and Wyelands’ internal policy (its Engagement Policy) to manage potential risks of conflicts of interest between Wyelands and the wider GFG Alliance (GFG).
Update to the UK Sanctions List: Global Anti-Corruption Regime
OFSI
Today, 2 April, The UK Government has Sanctioned 12 individuals and 1 entity under the Global Anti-Corruption Sanctions Regime. This package targets cronies used by corrupt leaders to undermine democracy and the rule of law in Guatemala, Moldova and Georgia. The following individuals and entity have been sanctioned:
Name OFSI Group ID Unique ID Alejandro Eduardo Giammattei Falla 16838 GAC0064 Angel Arnoldo Pineda Avila 16839 GAC0065 Cinthia Edelmira Monterroso Gomez 16840 GAC0066 Maria Consuelo Porras Argueta de Porres 16841 GAC0067 Jose Rafael Curruchiche Cucul 16842 GAC0068 Melvin Ernesto Quijivix Vega 16843 GAC0069 Luis Miguel Martinez Morales 16844 GAC0070 Evrazia 16846 GAC0072 Natalia Parasca 16847 GAC0073 Nelli Alekseyevna Parutenko 16848 GAC0074 Marina Tauber 16849 GAC0075 Levan Murusidze 16850 GAC0076 Mikheil Chinchaladze 16851 GAC0077
