Day: March 10, 2023

So far in 2023, 789 cases of dengue have been confirmed nationwide, with 4 cases described as “severe” but no fatalities. With the rainy season due to begin in the next few weeks, this is when the numbers of mosquitos usually explodes. The health ministry has reiterated the call to the population to maintain cleanliness in homes and work environments, check the meshes (“bug screens”) of doors and windows, etc.

There seems to be some confusion over whether or not the Norwegian Cruise Line will continue to offer cruises using Panama City and Colón as home ports. I was on the first Norwegian cruise to use the new cruise terminal at Panama City, which is so handy for us, and I personally would be sad to see its use end so soon. Both sides seem to agree that cruises will continue until the end of December 2024.

10 MARCH 2023

https://www.buymeacoffee.com/KoIvM842y

On 10 March, a Notice from HM Treasury advised that 21 existing entries on the Russia sanctions lists have been amended or corrected.  An alias for another entry has also been amended.

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1141687/Notice_Russia_100323.pdf

https://www.buymeacoffee.com/KoIvM842y

On 2 March, Financial Crime News reported that, following the publication France’s AML/CFT National Risk Assessment in February 2023, Financial Crime News has updated its Dashboard.  It says that France is rated 42/100 moderate Threats, 65/100, moderate to high response & 54/100 moderate overall risk, using the FCN Methodology.  This is the overall equal 23^rd best risk score of 39 FATF Member Countries (including UAE and Indonesia).  3 years on from the last NRA published in 2019, the threats haven’t changed.

https://thefinancialcrimenews.com/france-financial-crime-dashboard-2023-update-by-fcn/

https://www.buymeacoffee.com/KoIvM842y

On 9 March, the UN advised that the relevant Sanctions Committee had removed AYAD FUTAYYIH KHALIFA AL-RAWI and HUMAM ABD-AL-KHALIQ ABD-AL-GHAFUR from its UN SCR 1518 sanctions list.

https://press.un.org/en/2023/sc15224.doc.htm

UK CONFIRMS REMOVALS OF 2 NAMES FROM IRAQ SANCTIONS LIST

On 10 March, a Notice from HM Treasury advised that, following the UN decision, the 2 names have also been removed from the UK Consolidated List.

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1141688/Notice_Iraq_100323.pdf

https://www.buymeacoffee.com/KoIvM842y

On 10 March, an article from Control Risks reminds one that, on 22 November, EU Member States encountered a significant setback in their efforts for increased transparency.  The CJEU ruled to limit general public access to beneficial ownership information on grounds that it conflicted with data protection and privacy rights outlined in the Charter of Fundamental Rights of the EU.  The article explores this ruling, the impact on both enforcement and preventative due diligence and investigative efforts for obliged and regulated organisations – particularly investors, regulated corporates and financial institutions – and the necessary considerations in any future alternative legislation on the matter.

https://www.controlrisks.com/our-thinking/insights/transparency-vs-privacy-the-cjeu-beneficial-ownership-ruling

https://www.buymeacoffee.com/KoIvM842y

The FATF Recommendations were updated in February, and on 9 March FATF issued the updated Recommendations.  The guidance includes the Recommendations themselves and their Interpretive Notes, together with the applicable definitions in the Glossary.     

   

https://www.fatf-gafi.org/content/dam/recommandations/FATF%20Recommendations%202012.pdf.coredownload.inline.pdf

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