OFAC ADDS 1 INDIVIDUAL AND 3 ENTITIES TO ITS NICARAGUA SANCTIONS

On 12 December, OFAC announced that Rafael Antonio ORTEGA MURILLO (aka. “Payo ORTEGA”) – the son of the Niraguan President, DNP PETRONIC, INVERSIONES ZANZIBAR and SERVICIO DE PROTECCION Y VIGILANCIA SA (aka “EL GOLIAT”) had been added to its sanctions lists. The companies are said to be owned or controlled, in whole or part, by Payo Ortega.

https://www.treasury.gov/resource-center/sanctions/OFAC-Enforcement/Pages/20191212.aspx

https://home.treasury.gov/news/press-releases/sm854

 

Consultation to amend Dutch AML laws

On 9 December, an article from advised that the Dutch Minister of Finance and Minister of Justice and Security has published a consultation document containing plans to amend Dutch AML laws and regulations. A short summary of the plans is set out is the article.  They include information-sharing changes, and a lowering of the limit on cash purchases from traders in high-value goods to €3,000.

https://www.stibbe.com/en/news/2019/december/consultation-to-amend-dutch-aml-laws

The consultation, which closes on 14 January, is at –

https://www.internetconsultatie.nl/wetplanvanaanpakwitwassen