16th March 2021
The United Kingdom has announced sanctions on six allies of Syrian President Bashar al-Assad, including his foreign minister and close advisers, saying the move would send a “clear message that they must be held to account for their crimes”. The measures announced on Monday came 10 years, to the day,… Read More
16th March 2021
A difference between U.S. whistleblower laws and the regime taking shape in Europe shines a light on a key question for policy makers: What motivates people to come forward with information about wrongdoing? European Union member states have until Dec. 17 to implement an EU directive aimed at replacing the… Read More
15th March 2021
Updated guidance on monetary penalties by the United Kingdom’s sanctions enforcer this week provides more clarification on self-reporting and suggests the agency may adopt a more aggressive enforcement approach, compliance observers said. The Office of Financial Sanctions Implementation, a U.K. Treasury unit in charge of applying and carrying out sanctions… Read More
15th March 2021
Cash transactions of over €10,000 involving property and valuable items have been outlawed under a legal notice under the Prevention of Money Laundering Act. In an attempt to clamp down on money laundering, Malta has published a legal notice, bringing into law capping the amount of cash that can be… Read More
12th March 2021
The European Union is set to target China with sanctions for the first time since the 1989 Tiananmen Square crackdown, blacklisting four people and one entity over human rights abuses in Xinjiang, several diplomats said. Senior EU officials agreed to use its new human rights sanctions regime to target the… Read More
12th March 2021
By David Klein, OCCRP, 11 March 2021 OCCRP — U.S. authorities will impose new anti-money laundering rules on the art and antiquity market which is believed to have been frequently used for concealing the origins of illegally obtained money and even for terror financing. The U.S. Read More
11th March 2021
The U.S. on Wednesday imposed sanctions on two of Islamic State’s fast-growing affiliates in Central Africa for the first time, underscoring the rising threat posed by the group outside the Middle East. The State Department said it was sanctioning the assets of the Congolese franchise of Islamic State in Iraq… Read More
8th March 2021
By Julett Pineda Sleinan, OCCRP, 6 March 2021 OCCRP — Colombia is considering centralizing the purchase of gold to combat illegal mining, violence, and environmental damage and prevent the mineral from entering the black market. President Ivan Duque said during a regional conference on mining… Read More
4th March 2021
European Union rules on company financial information need to be updated to apply the lessons of the collapse of German payments firm Wirecard, the bloc’s securities watchdog said on Wednesday. The European Securities and Markets Authority (ESMA) said in a report in November there were deficiencies in how Germany’s securities… Read More
4th March 2021
Cyprus plans to launch a register in coming months identifying the owners of thousands of companies on the island, lifting a veil of secrecy on opaque and complex corporate structures that campaigners say can help criminals seeking to hide their loot. Details of thousands of companies domiciled on the island,… Read More