Sanctions Knowledge & training The EU human rights sanctions regime: What you need to know 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 […] 6 minute read
AML compliance Challenger banks Customer stories OakNorth Bank 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 […] 5 minute read
Sanctions Knowledge & training MOFCOM China export controls and sanctions 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 […] 5 minute read
Sanctions Knowledge & training OFAC sanctions fines and how to avoid them OFAC sanctions fines and how to avoid them International sanctions are a vital part of the global fight against money laundering and the financing of terrorism. In the United States, economic sanctions are implemented by the Treasury’s Office of Foreign […] 6 minute read
Sanctions Knowledge & training A comprehensive guide to the US sanctions list Sanctions – restrictions and penalties imposed in response to violations of international law and threats to global security – are a key tool of US foreign policy. A wide range of sanctions allows the US to achieve policy objectives by exerting […] 7 minute read
Sanctions Knowledge & training Cyber Sanctions and Cyber Crime Penalties In a digital financial landscape firms must be aware of the relevance of cyber crime penalties and the increasing importance of cyber sanctions compliance. Cyber-attacks are not just used by individual criminals to perpetrate financial crimes and may also be […] 6 minute read
Sanctions Knowledge & training Post-Brexit UK sanctions: What you need to know Under the terms of the Brexit Withdrawal Agreement, the EU sanctions regime ceased to apply to the UK at 11 pm on 31st December 2020. From that date, the UK’s new sanctions framework came into effect, the details of which […] 5 minute read
Sanctions Knowledge & training Understanding sanctions compliance for maritime shipping firms Governments impose sanctions on countries, businesses, or individuals to punish violations of international law. Sanctions are a tool for resolving conflicts by exerting economic and diplomatic pressure on designated targets rather than through military means. Common types of sanctions include […] 7 minute read
AML compliance Reports Customer Screening: Maximizing Effectiveness and Efficiency Report Customer Screening: Maximizing Effectiveness and Efficiency A Balancing Act If companies aren’t strategic in their approach to customer screening and monitoring, they risk being overwhelmed with alerts. Those companies face high operational costs, a nearly-impossible-to-clear backlog of alerts, longer remediation […] 1 minute read
Sanctions Knowledge & training Regulations for sanctions on North Korea In order to pursue the United States’ foreign policy objectives, the US Treasury has imposed regulations and sanctions on North Korea in some form since 1950. The sanctions have the broad goal of pressuring North Korea to denuclearize but have […] 5 minute read
Sanctions Knowledge & training What are economic sanctions? 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 […] 4 minute read
Sanctions Knowledge & training Sanctions screening guide & best practices 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. […] 13 minute read
