Day: January 18, 2019

This Handbook was published in September and is based on work supported by the UK Foreign and Commonwealth Office in partnership with the US Civilian Research & Development Foundation (CRDF Global), and was published by the latter, a US non-profit organisation.  It is a revised version of the guide on United Nations Non-Proliferation Regimes on Iran and North Korea that Compliance and Capacity Skills International published in November 2015.  The text of the present handbook was revised to reflect all the changes that have been taking place with the UN’s non-proliferation sanctions, including the ending of UN counter-proliferation sanctions on Iran and the JCPOA.  It points out that the sanctions regime for North Korea remains in force, and in fact many sanctions measures have been added.  It contains lots of useful information, such as about the original North Korean conglomerate, Korea Mining Development Trading Corporation (KOMID); and commodity trading between Africa and North Korea.  It includes indicators of possible sanctions violations and how some of the methods used by North Korea (and partners) to hide or disguise transactions work.

http://www.comcapint.com/WMD%20Handbook/Implementation%20Handbook%20for%20UN%20sanctions%20on%20%20North%20Korea%20–%20English%20%28FINAL%29.pdf

The Himalayan on 18^th January reported that the Department of Money Laundering Investigation is to investigate the transfer of funds by Nepalis to overseas destinations, especially Switzerland, in the light of the recent report from the ICIJ alleging violation of Nepal law banning the transfer of funds abroad.

https://thehimalayantimes.com/business/money-laundering-watchdog-to-probe-fund-transfer/

Morgan Lewis on 17^th January published an article saying that Japan has recently introduced a requirement that a declaration must be submitted to identify the persons with substantial control of the company.  The requirement came into effect on 30^th November.  The article contains the definition of a “beneficial owner”, and explains the scope of the requirements.  Declarations are held by a notary public and must be maintained at the notary public’s office for 20 years, but they are not publicly available.

https://www.jdsupra.com/legalnews/japan-introduces-new-requirement-to-93594/