Tag: CFT

Regulatory Watch News

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  Treasury Sanctions Houthi Network Procuring Weapons and Commodities from Russia

  OFAC

  April 2, 2025

  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.

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  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

  April 2, 2025

  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).

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  Update to the UK Sanctions List: Global Anti-Corruption Regime

  OFSI

  April 2, 2025

  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