Economic sanctions are an important part of the global fight against financial crime, including money laundering and the financing of terrorism. In recent years, the number of economic sanctions in place worldwide has increased significantly: in the United States, for […]
Sanctions screening is integral to compliance with global anti-money laundering and counter-terrorist financing (AML/CFT) regulations. When implemented effectively, robust sanctions programs can help prevent enforcement action by regulators, protect reputations, and strengthen the overall integrity of the global financial system. […]
Increased enforcement efforts are shining a spotlight on anti-money laundering (AML) sanctions compliance. Firms increasingly must elevate their game to keep pace with regulators’ demands while still providing their customers with exceptional service — which means fast and frictionless service. […]
In recent years, government bodies have become quick to impose, lift or modify sanctions — sometimes within a few days’ or weeks’ time — to pursue their own interests. At the same time, the global economy requires a nuanced approach and, […]
European Union (EU) sanctions list Economic sanctions are an essential part of the EU’s Common Foreign and Security Policy (CFSP) and are employed as part of the international effort to combat money laundering, terrorism financing and other financial crimes. To […]
The United Nations is an international organization dedicated to promoting peace and security and sustainable economic development across the world. In pursuing those objectives, the UN works to combat financial crimes, including money laundering and terror financing, by imposing sanctions […]
Avoid a AU$450,000 fine: Understand the DFAT Sanctions List The Australian DFAT Sanctions List plays a significant role in the fight against international money laundering and the financing of terrorism due to its influential economic and political powers. To curb […]
As one of the world’s largest economies and business hubs, the UK plays an important role in the global fight against money laundering and terrorism financing. Accordingly, the UK imposes financial sanctions against a variety of foreign targets that are […]
To ensure regulatory compliance, financial institutions are required to consult sanctions lists when conducting business with foreign customers. What is a sanctions list? Sanctions lists contain persons, organizations, or countries that are subject to economic sanctions issued by a government […]
In order to carry out its duties, the Office of Foreign Assets Control (OFAC) produces the Specially Designated Nationals and Blocked Persons list – also known as the OFAC SDN list. The OFAC SDN list represents an essential tool in […]
Numerous governments have imposed sanctions against Iran over the past several decades. Iran sanctions measures entail a variety of economic restrictions and have broadly been imposed in response to the Iranian government’s involvement in incidents of international terrorism, its involvement […]
The US government first imposed economic sanctions against Cuba on February 7th, 1962, in response to the Cuban government’s political alignment with the Soviet Union and its ongoing efforts to undermine democratic processes. Implemented by President Kennedy under the terms […]
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