Amendment of One Entry on the 1718 Sanctions List concerning the Democratic People’s Republic of Korea (DPRK) On 15 April 2024, the UNSC Committee established pursuant to resolution 1718 (2006) concerning the Democratic People’s Republic of Korea (DPRK) amended one entry on its sanctions list of individuals and entities. Notice Amendment of One Entry on …
Section 14C of the FIAMLA requires all reporting persons, as defined under the FIAMLA to register with the FIU, established under Section 9 of the FIAMLA. On 27th March 2024, the FIU issued a Notice ‘FIU/Notice/2024/01’ (‘the Notice’) with respect to registration of reporting persons pursuant to Section 14C of the Financial Intelligence and Anti-Money Laundering Act (FIAMLA)
On 11th March 2024, the FATF has updated its risk-based guidance following the February 2023 revisions to FATF Recommendation 25 on Beneficial ownership and transparency of legal arrangements.
Changes to the 1718 Sanctions List and to the United Nations Security Council Consolidated List On 07 March 2024, the Security Council Committee established pursuant to resolution 1718 (2006) concerning the Democratic People’s Republic of Korea (DPRK) has amended one entry on its sanctions list. Note Verbale Notice – Amendment of One Entry on the 1718 Sanctions List concerning the Democratic People’s Republic …
The SADC Secretariat successfully operationalized the SADC Anti-Money Laundering Committee (‘the SADC AML Committee’) at inaugural meeting of the SADC AML Committee held between 21 and 23 February 2024 in Johannesburg, South Africa. The SADC AML Committee has the objectives, among others, to facilitate the convergence of the AML/CFT policies, laws and regulatory practices of SADC Member States within the framework of the FATF Recommendations and support effective and proportional action against money laundering and the financing of terrorism in the region.
Addition of Six Entries to the 1533 Sanctions List concerning the Democratic Republic of Congo On 21 February 2024, the United Nations Security Council Committee established pursuant to resolution 1533 (2004) concerning the Democratic Republic of the Congo has approved the addition of six entries to its Sanctions List of individuals and entities subject to the measures imposed by the Security …
The Egmont Group released its Public Summary report on the “Abuse of Virtual Assets for Terrorist Financing Purposes’’. Virtual Assets abused in terrorism financing is a current focal point of discussions. As per the Egmont group, understanding trends in emerging technologies will enable the identification of potential vulnerabilities associated with new technologies, particularly virtual assets.