UK JOINT MONEY LAUNDERING STEERING GROUP CONSULTS ON POOLED CLIENT ACCOUNTS GUIDANCE

On 22 May, an article from Shearman & Sterling reported that the JMLSG has launched a consultation on draft guidance on Pooled Client Accounts – being a bank account opened with a financial institution by a customer, to administer funds that belong to the customer’s clients.  The consultation closes on 10 June.

https://finreg.shearman.com/UK-Joint-Money-Laundering-Steering-Group-Consult

The consultation paper is at –

https://secureservercdn.net/160.153.138.163/a3a.8f7.myftpupload.com/wp-content/uploads/2020/05/Consultation-version_Part-I-Chapter-5-Annex-5-V_PCAs_Board-approved.pdf

 

 

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FRONTEX RECRUITS FIRST WAVE OF EU BORDER AND COAST GUARD STANDING CORPS

On 21 May, Homeland Security Today reported that Frontex, the European Border and Coast Guard Agency, has extended job offers to candidates to become the first members of the European Border and Coast Guard standing corps, the EU’s first uniformed law enforcement service.  The first batch of more than 280 selected candidates have received job offers.  The standing corps will be composed of Frontex and EU Member States’ officers, who will at any time be able to support the Member States facing challenges at their external borders.

https://www.hstoday.us/subject-matter-areas/border-security/frontex-recruits-first-wave-of-european-border-and-coast-guard-standing-corps/

See also –

https://europa.eu/european-union/about-eu/agencies/frontex_en

 

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OFAC ADDS NAMES OF 2 SENIOR OFFICIALS TO NICARAGUA SANCTIONS

On 22 May, OFAC advised that Ivan Adolfo ACOSTA MONTALVAN and Julio Cesar AVILES CASTILLO have been added to OFAC’s SDN List.  They are said to be senior government officials supporting the corrupt Ortega regime.  The US Treasury says that, since April 2018, the Ortega regime has cracked down on political opposition, leading to more than 300 deaths, 2,000 injuries, hundreds of political and civil society actors imprisoned, and over 100,000 refugees fleeing the country.

https://www.treasury.gov/resource-center/sanctions/OFAC-Enforcement/Pages/20200522.aspx

https://home.treasury.gov/news/press-releases/sm1019

 

 

 

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COLOMBIA ARRESTS 2 MAYORS, SEEKS ARREST OF 8 MORE OVER CORONAVIRUS CORRUPTION

On 22 May, Colombia Reports reported that Colombia’s prosecutor general has announced that 2 mayors have been arrested and another 8 would be arrested soon in a crackdown on corruption with coronavirus emergency funds.  Another 3 mayors were indicted on corruption charges, but will be allowed to remain free for the duration of their trial.  3 governors had been called in for questioning over their alleged attempts to embezzle emergency aid.

https://colombiareports.com/colombia-arrests-two-mayors-seeks-arrest-of-8-more-over-coronavirus-corruption/

 

 

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UK COURT THROWS OUT NIGERIAN OIL CORRUPTION CASE AGAINST SHELL AND ENI

On 22 May, Reuters and others reported that the High Court has dismissed a $1.1 billion case Nigeria had brought against Royal Dutch Shell and Eni related to a dispute over the OPL 245 oilfield, while a related trial in Italy continues.  The OPL 245 oilfield is also central to a corruption trial in Milan in which former and current Shell and Eni officials are on the bench, as well as court proceedings Nigeria started against JP Morgan, which processed some of the payments in question.

https://uk.reuters.com/article/uk-eni-shell-nigeria-court/uk-court-throws-out-nigerian-oil-corruption-case-against-shell-eni-idUKKBN22Y1PY

 

 

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UK ADDS 1 NAME TO ISIL/AL-QAIDA SANCTIONS LISTS

Following the decision of the UN on 21 May, on 22 May a Notice from HM Treasury advised that Amir Muhammad Sa’id Abdal-Rahman AL-MAWLA had been added to the UK Consolidated List.

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/887040/Notice_ISIL_UN_220520.pdf

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US CRACKS DOWN ON SMUGGLING OF HAIRY-CLAWED MITTEN CRAB

On 22 May, National Geographic reported that, concerned about what might happen if a Chinese delicacy overruns the wild, officials ramp up investigations to halt imports.  The crabs were being imported by Asian markets and food suppliers to be sold in cities in the US.  It says that mitten crabs prey on local wildlife, they tunnel into the soft mud along riverbanks, triggering erosion; and they also pose a health threat – eaten raw or lightly cooked, they can transmit a parasite that attacks human lungs.  It says that in China a giant hairy crab-shaped museum exists, and that live mitten crabs have even been sold from refrigerated vending machines.  A startling photo shows part of the outcome of Operation Hidden Mitten, a joint investigation by the Fish and Wildlife Service and US Customs and Border Protection, seized nearly 15,000 live Chinese mitten crabs at multiple ports in Autumn 2019.

https://www.nationalgeographic.com/animals/2020/05/us-authorities-crack-down-on-smuggling-of-mitten-crabs/

 

 

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