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  • EU has just published a new list of third-countries with strategic AML/CFT deficiencies. 

Newcomers to the list are Saudi Arabia, US Virgin Islands, American Samoa, Libya and Panama. Countries that have been excluded from the list are Bosnia and Herzegovina, Guyana, Lao PDR, Uganda and Vanatu.

https://lnkd.in/gJNiJSd

    EU has just published a new list of third-countries with strategic AML/CFT deficiencies. Newcomers to the list are Saudi Arabia, US Virgin Islands, American Samoa, Libya and Panama. Countries that have been excluded from the list are Bosnia and Herzegovina, Guyana, Lao PDR, Uganda and Vanatu. https://lnkd.in/gJNiJSd

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  • The Dutch Data Protection Authority (Autoriteit Persoonsgegevens) recently published a report on the number of personal data breach notifications received in 2018. They received a total of 20,881 breach notifications, double the number of 2017 reports. The most affected sectors are the health and wellbeing (29% of the reported breaches), the financial sector (26%) and the public sector (17%). In Nov. 2018, the Dutch DPA fined Uber €600,000 for failure to report a data breach incident timely, which compromised over some 174 Dutch customers and drivers information. 

https://lnkd.in/gi8jx9X

    The Dutch Data Protection Authority (Autoriteit Persoonsgegevens) recently published a report on the number of personal data breach notifications received in 2018. They received a total of 20,881 breach notifications, double the number of 2017 reports. The most affected sectors are the health and wellbeing (29% of the reported breaches), the financial sector (26%) and the public sector (17%). In Nov. 2018, the Dutch DPA fined Uber €600,000 for failure to report a data breach incident timely, which compromised over some 174 Dutch customers and drivers information. https://lnkd.in/gi8jx9X

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  • 
Saudi Arabia has been added to the draft EU list of third-countries with strategic deficiencies in their AML/CFT regime. If confirmed, this will have an impact on the Dutch financial institutions, specifically on its compliance obligations to perform CDD/EDD and reporting every transactions invovling Saudi Arabia entity or person to the Financial Intelligence Unit.

https://lnkd.in/gXVgtkA

    Saudi Arabia has been added to the draft EU list of third-countries with strategic deficiencies in their AML/CFT regime. If confirmed, this will have an impact on the Dutch financial institutions, specifically on its compliance obligations to perform CDD/EDD and reporting every transactions invovling Saudi Arabia entity or person to the Financial Intelligence Unit. https://lnkd.in/gXVgtkA

    Read more
  • The recent Danske bank scandal, particularly the activities of its Latvian branch, has prompted European Union to take concrete actions. On 10 December 2018, EU foreign ministers discussed a Dutch proposal for an EU law similar to a Magnitsky Act. 

Are you doing business with Russia? Philip Sidney will conduct a workshop on 24th & 25th April 2019. You are very welcome to join our workshops! https://lnkd.in/evAszwA

    The recent Danske bank scandal, particularly the activities of its Latvian branch, has prompted European Union to take concrete actions. On 10 December 2018, EU foreign ministers discussed a Dutch proposal for an EU law similar to a Magnitsky Act. Are you doing business with Russia? Philip Sidney will conduct a workshop on 24th & 25th April 2019. You are very welcome to join our workshops! https://lnkd.in/evAszwA

    Read more

Imposition of US Sanctions Against Russia

Sanctions against Russia by OFAC have secondary consequences for financial institutions. In case of facilitation of significant transactions for or on behalf of SDN-listed persons, the facilitating bank may lose … Read more

Magnitsky Act

The recent Danske bank scandal, particularly the activities of its Latvian branch, has made European Union to take concrete actions. On 10 December 2018, EU foreign ministers discussed a Dutch … Read more

Will the EU “SPV” survive Iran Deal?

On 19th October 2018 the FATF decided to continue the suspension of counter-measure on Iran, due to the political commitment and relevant steps Iran has taken since June 2016 to … Read more

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