Tag: AML

Regulatory Watch News

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  Treasury Targets Organization with Ties to Violent Actors in the West Bank

  OFAC

  November 18, 2024

  WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) is sanctioning Amana the Settlement Movement of Gush Emunim Central Cooperative Association Ltd (Amana), a settlement development organization that is involved with U.S.-sanctioned individuals and outposts that perpetrate violence in the West Bank, and its subsidiary Binyanei Bar Amana Ltd. This action, taken pursuant to Executive Order (E.O.) 14115, is part of an ongoing multilateral approach by the United States and its partners to hold accountable those who are threatening the peace, security, and stability of the West Bank. Amana has also been sanctioned by the United Kingdom and Canada.

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  Financial sanctions update: Iran

  OFSI

  November 18, 2024

  On 18th November 2024 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 entries have been added to the Iran financial sanctions regime and are now subject to an asset freeze:

  • Islamic Republic of Iran Airlines (Group ID: 16611)
  • The Islamic Republic of Iran Shipping Lines (IRISL) (Group ID: 16693)

  OFSI’s consolidated list of asset freeze targets has been updated to reflect these changes.

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  November 18, 2024 – FINTRAC advisory: Financial transactions related to countries identified by the Financial Action Task Force

  FINTRAC

  November 18, 2024

  Consult FINTRAC's advisories issued following every Financial Action Task Force (FATF) plenary meeting to advise reporting entities of concerns about deficiencies in the anti-money laundering and anti-terrorist activity financing systems of certain countries.