On 1 September, an article in the Hellenic Shipping News said that the Diaplous Risk Management Group had produced a White Paper on the decision to declassify the High Risk Area (HRA) in the Indian Ocean Region effective from 0001 UTC on 1 January. The White Paper considers the decision in relation to the reality of the current situation and an analysis of the facts, so that stakeholders can assess the situation and risks first hand.
On 1 September, HM Treasury advised that a webinar to be held on 21 September will be attended by officials from the Foreign, Commonwealth and Development Office (FCDO), the Office of Financial Sanctions Implementation (OFSI) in HM Treasury, the Department for International Trade (DIT), the Department for Business, Energy and Industrial Strategy (BEIS) and other government departments. It will cover sanctions legislation overview; new sanctions measures: financial, trade including services, transport; designations of individuals and entities; and humanitarian issues.
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On 30 August, OCCRP reported that German customs officers had raided a network of companies suspected of selling precursor chemicals to Russia that could be used to manufacture chemical and biological weapons. It is said that Riol Chemie GmbH, made more than 30 shipments of chemicals and laboratory equipment to Russia’s Chimmed Group over the past 3½ years without export permits, according to documents related to the investigation.
EU Regulation 2022/1446/EU has added 3 individuals – Alla Viktorovna POLYAKOVA, Anton Olegovich TKACHEV and Valery Andreevich PONOMAREV to its sanctions lists in respect of actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine.
On 1 September, Deacons reported that the FAQ dated June 2022 had been developed by the Hong Kong Association of Banks with input from the Hong Kong Monetary Authority. While the FAQ do not form part of the Guideline on Anti-Money Laundering and Counter-Financing of Terrorism (For Authorised Institutions), they are designed to be read in conjunction with the AML/CFT Guideline.
On 30 August, Baker Hostetler published Part 6 of its Introduction to Non-Fungible Tokens which, from a US perspective, provides an overview of common fraud typologies in the NFT market and the steps NFT market actors can take to protect themselves from becoming victims of fraud or unwittingly facilitating fraud.