As it seeks to exercise political power on a global scale, China is increasingly using its economic sanctions program to achieve foreign policy and economic objectives. China sanctions activity reflects Beijing’s desire to respond to Western sanctions – in particular […]
The second-largest economy in North America, Canada is a hub for business interests from all over the world and is an influential political power. With that in mind, in order to pursue its political and diplomatic objectives and punish violations […]
Common Challenges Organizations Face when it comes to Global Sanctions Compliance Global sanctions are an indispensable foreign policy tool, helping governments achieve diplomatic and political objectives in every part of the world, and respond to violations of international law, including […]
North Korea & Cryptocurrency: What You Need To Know The Democratic People’s Republic of North Korea (DPRK) has a well-documented history of conducting illegal financial activities in order to circumvent the heavy sanctions that are imposed against its totalitarian government. […]
International sanctions have been an effective foreign policy tool for the United States government since the 1950s when the Office of Foreign Assets Control (OFAC) imposed restrictions on Chinese and North Korean trade as a response to the Korean War. […]
The EU imposes economic sanctions against foreign governments, organizations, and individuals in order to achieve its foreign policy objectives, protect its security interests, and punish violations of international law, including human rights abuses. In order to record and divulge sanctions […]
Sanctions represent an important tool for governments around the world and are used to achieve foreign policy goals or to punish violations of international law. Sanctions regimes involve the application of economic restrictions against a range of foreign targets, from […]
The European Union deploys sanctions against targets around the world as part of its Common Foreign and Security Policy (CFSP). While sanctions are imposed in order to protect the EU’s security interests, or to address violations of treaty agreements and […]
The Outcomes ComplyAdvantage’s comprehensive data coverage means OakNorth Bank is now able to use one single platform to onboard and monitor customers against all relevant databases. The solution’s customizability has made it easy to configure search algorithms and select the […]
The UN Panel of Experts on North Korean sanctions is renewed; FATF issues new draft guidance on Virtual Assets; and the US crypto sector fears a government ‘crackdown’ despite growing signs of mainstreaming. We share our financial crime regulatory highlights […]
The Ministry of Commerce (MOFCOM China) is the primary government agency responsible for developing and implementing foreign trade policy, import and export controls, and sanctions regulations in the People’s Republic of China. MOFCOM’s history dates back to the foundation of […]
IPT Africa’s compliance team can now make informed decisions about client risk, escalate potential high-risk cases, and take actions in real-time, which ultimately shortens the time it takes to onboard new customers.
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