OSFI
On April 20th, 2016, the Office of the Superintendent of Financial Institutions (OSFI) released the United Nations Security Council’s (UNSC’s) Al-Qaida and Taliban regulations update to the sanctions list, adding five individuals.
PROCESSING...
PROCESSING...
On April 20th, 2016, the Office of the Superintendent of Financial Institutions (OSFI) released the United Nations Security Council’s (UNSC’s) Al-Qaida and Taliban regulations update to the sanctions list, adding five individuals.
There were no updates released from OSFI this week.
The U.S. Department of Treasury’s Branch, The Office of Foreign Asset Control (OFAC), released two updates to four sanction lists last week. The lists that were updated include the following:
On March 29th, 2016, the Office of the Superintendent of Financial Institutions (OSFI) released the United Nations Security Council’s (UNSC) ISIL (Da’esh) and Al-Qaida sanctions update to the sanctions list, adding a single individual.
Read more on Sanctions This Week: March 28th-April 3rd, 2016…
OSFIThere were no updates released from OSFI this week.
The U.S. Department of Treasury’s Branch, The Office of Foreign Asset Control (OFAC), released two updates last week, related to the Zimbabwe, Counter-Terrorism and Non-Proliferation Designation Lists. A total of three individuals and six entities were added to the respective lists. OFAC also released the publication of Iran-related General License I and related FAQs.
In 2014, Outlier made an Access to Information and Privacy (ATIP) request, which led to the publication of the Financial Transactions and Reports Analysis Centre of Canada’s (FINTRAC’s) policy positions. Since then, we have seen very few updates to these pages, although we know that new policy positions have been requested (we’ve made a few requests ourselves). We decided that it made sense to follow up a year later to find out what was new.
On March 2nd, 2016, the Office of the Superintendent of Financial Institutions (OSFI) released the United Nations Security Council’s (UNSC) Al-Qaida and Taliban Regulations (UNAQTR) update to the consolidated list, underscoring recent information updates on 11 individuals and one entity.
Read more on Sanctions This Week: February 29-March 6, 2016…
On February 23rd, 2016, the Office of the Superintendent of Financial Institutions (OSFI) released the United Nations Security Council (UNSC) ISIL (Da’esh) and Al-Qaida Sanctions Committee’s update, underscoring recent information updates on five individuals.
We get a lot of questions about examinations conducted by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). While we’re happy to be able to help our customers in their examinations (you can check out our free resources for FINTRAC exams here), the responsibility during the examination will rest with the money services business (MSB), mainly with the MSB’s Compliance Officer.
If you’ve received an email, letter or call telling you that a larger than usual sum of money is headed your way, but before it can be delivered to your bank, you are required to get a clearance certificate, you are being set up for a scam.
Proposed AML Amendments & Credit Unions
Amber D. Scott, Co-Founder, Chairperson & Strategic Advisor on July 28, 2015
Read more on Proposed AML Amendments & Credit Unions…