Tag: AML

Regulatory Watch News

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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.

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  Luxembourg issues public appeal for information on fugitive charged with investment fraud

  Europol

  November 18, 2024

  The Fugitive Active Search Team (FAST) of the Luxembourg Police has enlisted Europol's support to seek public assistance in locating one of its high-priority fugitives. The individual, whose profile is now featured on the EU Most Wanted website, is accused of defrauding investors of approximately EUR 5.4 million by falsely presenting himself as a successful businessman and lawyer.