Navigating the UK Sanctions Regime: Key Insights and Best Practices from the SRA's Latest Guidance

The SRA's latest guidance on the UK Sanctions Regime emphasizes the importance of thorough due diligence, independent verification of client identities, and continuous monitoring to ensure compliance

Singapore Central Bank Issues Guidance to FIs on Customer Wealth Sources

The AMLD Circular 08-2024, issued by the Monetary Authority of Singapore on July 26, 2024, mandates financial institutions to rigorously establish and verify the sources of wealth of their customers.

Russian Businessman Dmitry Pumpyanskiy and His Wife Successfully Challenge Sanctions in EU Court

The EU imposed sanctions on Russian businessman Dmitry Pumpyanskiy for supporting the Russian government through his businesses, but recent appeals led to a partial annulment of the sanctions.