Page 1/1
Asia-Pacific, Regulatory, Sanctions
Premium
Compliance News, EU/Europe, Financial Services
Premium
OFSI
On 19th December 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 entry has been amended under the Belarus financial sanctions regime and is still subject to an asset freeze:
FATF
Paris, 19 December 2024 - Oman has significantly improved its legal, operational and supervisory framework on anti-money laundering and countering terrorist financing (AML/CFT) in recent years through robust technical compliance with the FATF Recommendations. Oman is achieving positive results in the use of financial intelligence, international cooperation, combating terrorist financing and implementing financial sanctions for proliferation financing. However, in some areas, more time and effort are needed for measures and reforms introduced to impact the effectiveness of Oman's AML/CFT system.
European Public Prosecutor's Office
(Luxembourg, 19 December 2024) – In an investigation led by the European Public Prosecutor’s Office in Madrid (Spain), the Spanish Guardia Civil and the Tax Office, with the support of Europol, have dismantled an organised crime network operating in Spain since 2020. The network, controlled by nine individuals and involving a sophisticated structure of companies, located in different countries, is thought to have evaded over €3.3 million in antidumping duties.