Standard Bank hit with R13m fine for failing to comply with Fica
Standard Bank faces a hefty R13m penalty from the Prudential Authority for serious lapses in compliance with the Financial ...
JD Supra17h
Córdoba Music Group Settles with OFAC for $41,591 for Violations of Iran Sanctions Program
Córdoba Music Group LLC (Córdoba), a manufacturer of musical instruments based in California, has agreed to pay $41,591 to settle its civil ...
Moneyweb19h
Standard Bank slapped with a R13m fine for non-compliance
Contraventions include the failure to conduct due diligence and not timeously reporting several suspicious transactions.
dailyinvestor21h
Standard Bank hit with sanctions
The Prudential Authority imposed administrative sanctions on Standard Bank for failure to comply with the Financial ...
businesstech.co.za22h
Standard Bank hit with R13 million sanction in South Africa
The Prudential Authority has fined Standard Bank R13 million for significant breaches of the Financial Intelligence Centre ...
scmp.com1d
Beijing sanctions 7 companies in response to latest US support of Taiwan
The Chinese government imposed sanctions on seven companies on Friday in response to US military sales and other forms of support for Taiwan, some of which were signed into law this week by US ...
Ukraine welcomes Trump’s threat to sanction Russian oil and gas even harder
Ukrainian officials welcomed Donald Trump ’s threat to sanction Russia harder, suggesting punitive measures against Russian ...
Blocked Funds in Certain Countries: A Major Challenge to Global Transactions
Accessing blocked funds often involves navigating complex legal and regulatory barriers. One major challenge is meeting the ...
Thanasi Kokkinakis was warned against playing in Russia. He went anyway
The Australian tennis star was paid to play in the unofficial event, which was backed by a state-owned energy company ...
JD Supra2d
The Sanctions Year in Review: DOJ takes First Steps to Enforce “The New FCPA” While OFAC’s Enforcement Actions Decline
Enforcement and compliance prognosticators (like myself) continued to push DOJ’s promise to transform sanctions enforcement into the era of “the ...
The National Law Review3d
The Federal Circuit Affirms Deterrence Sanctions
The Federal Circuit affirmed a district court’s award of sanctions for bad faith against a plaintiff’s conduct based on the ...
Banned Russian oil is coming to Canada. Here’s how
Shortly after Russia invaded Ukraine in February 2022, Canada, the U.K. and the U.S. banned Russian crude and petroleum oil products in an effort to hobble Russia's economy. Later that year, the G7 ...