Day: March 12, 2024
COMPLIANCE ETC: THINGS YOU MAY HAVE MISSED – MARCH 12
An interesting poll in today’s La Prensa, taking a look at the negative ratings of the candidates. Most have a “rejection rate” of between 10% and 16.5%, but Gaby Carrizo, candidate for the ruling PRD party, has an amazing 63.5% – with young people of between 18 and 25 years of age being the ones who show the highest rejection of Carrizo at 70.4%.
In other, somewhat good, news, the Canal authorities have announced an increase in the number of transits – from 24 to 27 per day from today.
In other news, construction of the fourth bridge over the Canal has begun. It will carry a 6-lane (capable of expansion to 8 lanes), but not the new Line 3 of the Metro, which will use a tunnel under the Canal.
12 MARCH 2024
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OFAC AND BAHRAIN ACTION AGAINST KEY IRAN-BASED OPERATIVES AND A FINANCIAL FACILITATOR FOR DESIGNATED TERRORIST GROUP AL-ASHTAR BRIGADES
On 12 March, OFAC advised that the State Department designated Al-Ashtar Brigades as a Foreign Terrorist Organization and a Specially Designated Global Terrorist in 2018. The new designations are said to highlight the critical role that the Iranian regime plays in providing support to Al-Ashtar Brigades.
https://ofac.treasury.gov/recent-actions/20240312
https://home.treasury.gov/news/press-releases/jy2171
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CENTRAL AMERICAN DEVELOPMENT BANK MAKES REFORMS AFTER OCCRP INVESTIGATION
On 12 March, OCCRP reported that the Central American Bank for Economic Integration (CABEI) is implementing a wide range of reforms, in the light of a history of scandal, corruption and lax oversight and lending practices. The changes include putting the brakes on the amount of funds going to the governments of Nicaragua and El Salvador.
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FATF: GUIDANCE ON BENEFICIAL OWNERSHIP AND TRANSPARENCY OF LEGAL ARRANGEMENTS
On 11 March, FATF published updated its risk-based guidance for Recommendation 25. The guidance complements the existing guidance on Recommendation 24 on legal persons and aims to help stakeholders from the public and private sectors to implement the new requirements more effectively.
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