EFFECTIVE SANCTIONS AND AML DILIGENCE FOR NAMES OF NON-LATIN-BASED ENTITIES

On 20 January, an article from Morgan Lewis Bockhius in the US considered the problems of screening where the names involved may be ones not rendered in Latin-based alphabet.  It cites the example of possible translations of Libyan leader Moammar Qaddafi’s name, with up to 112 variations claimed.  The article suggests what it says are useful approaches and methods to conduct due diligence and screening where these language hurdles are present, and focuses on examples based on logographic languages, such as Chinese, Japanese and Korean, but that are applicable to other non-Latin-based languages.

https://www.morganlewis.com/pubs/2023/01/conducting-effective-sanctions-and-anti-money-laundering-diligence-on-non-latin-based-entities

https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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