OTHER THINGS YOU MAY HAVE MISSED – JANUARY 9

Inside, avoiding the unseasonal downpour – it is only after you’ve lived in the tropics that you know what rainfall can be…

Today is a public holiday, Martyrs Day, commemorating the death of a number of Panamanian students in 1964. We had workmen here today (at least until it got just too wet to work outside – rain, even warm rain, is still wet and makes working outside impossible, at least when in Panamanian proportions) and had to ask one turn off their radio this morning. The sale of alcohol is banned today, and the playing of loud music is not supposed to take place, the mood is supposed to be sombre. I guess he forgot what day it was, and we didn’t want compliants from the neighbours, or a visit from the police (there is a police station around the corner).

https://www.prensa.com/politica/comenzaron-los-actos-conmemorativos-del-9-de-enero/

9 JANUARY 2023

https://www.buymeacoffee.com/KoIvM842y

BAHAMAS: FIFTH ENHANCED AML/CFT EVLUATION FOLLOW-UP REPORT

On 9 January, FATF published this update, saying that the country has taken significant actions to strengthen its framework to fight money laundering and the financing of terrorism and proliferation.  It has been under enhanced monitoring since the adoption of its Mutual Evaluation Report, and regional body CFATF on the actions it has taken since its mutual evaluation and its Follow-up Reports.  Consequently, to reflect progress, CFATF has re-rated the country in relation to FATF Recommendations 8 and 15 fromPartially Compliant to Compliant. The Bahamas has 40 Recommendations rated C or LC., but w will remain in enhanced follow-up.

https://www.fatf-gafi.org/media/fatf/documents/reports/fur/CFATF-Follow-Up-Report-Bahamas-2022.pdf

https://www.buymeacoffee.com/KoIvM842y

OFAC: NEW VENEZUELA SANCTIONS GENERAL LICENSE AND AMENDED FAQ

On 9 January, OFAC issued General License 31B allowing certain transactions involving the IV Venezuelan National Assembly and certain other persons.  It also updated a number of relevant FAQ.

https://home.treasury.gov/system/files/126/venezuela_gl31b.pdf

https://home.treasury.gov/policy-issues/financial-sanctions/faqs/updated/2023-01-09

https://www.buymeacoffee.com/KoIvM842y