Monthly Archives: November 2015

11.30.15
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November 25, 2015: New Cuba Travel-Related FAQ question 52

On Wednesday, OFAC published an updated version of its Cuban sanctions Frequently Asked Question (FAQ) document. The new question (#52) is about banks' processing of authorized travel transactions vis a vis the Cuban sanctions program:

52. Is a financial institution required to independently verify that an individual’s travel is
authorized when processing Cuba travel-related transactions?

No. A financial institution may rely on U.S. travelers to provide their certifications of authorized
travel directly to the person providing travel or carrier services when processing Cuba travel-
related transactions, unless the financial institution knows or has reason to know that the travel is
not authorized by a general or specific license.

The CACR requires persons subject to U.S. jurisdiction providing travel or carrier services to
retain for at least five years from the date of the transaction a certification from each customer
indicating the section of the CACR that authorizes the person to travel to Cuba. See §
515.572(b). U.S. travelers utilizing a general or specific license are also required to retain for five
years records associated with their travel to Cuba.

So, since 52 is not the last question in the document, one has to assume that all the other higher-numbered questions got renumbered.

Links:

OFAC Notice

OFAC Cuba FAQs document

 

11.30.15
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November 23, 2015: Technical OFAC Announcement

Technical Announcement Regarding the Download of OFAC’s SDN and Consolidated List Files
11/23/2015
​
​In response to a necessary security upgrade, users of OFAC's SDN and Consolidated List may need to update previously automated file download procedures. Please see the following technical announcement for more details.

Links:

OFAC Notice

Technical Announcement

 

11.27.15
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Giving Thanks – for OCC November Enforcement Actions

These came out on November 20th…

Office of the Comptroller of the Currency
Ensuring a safe and sound Federal Banking System for All Americans
NR 2015-151
FOR IMMEDIATE RELEASE
November 20, 2015
Contact: (202) 649-6870

 

 

# # #
OCC Enforcement Actions and Terminations for November 2015

WASHINGTON — The Office of the Comptroller of the Currency (OCC) today released new enforcement actions taken against national banks, federal savings associations, and individuals currently and formerly affiliated with national banks and federal savings associations.

All Cease and Desist Orders, Civil Money Penalty Orders, and Removal/Prohibition Orders are issued with the consent of the parties, unless otherwise indicated as a Decision and Order issued by the Comptroller of the Currency.

Copies of the final actions are available for download by viewing the searchable database of all public enforcement actions taken since August 1989 at http://apps.occ.gov/EnforcementActions/.

You may also submit a request electronically to obtain copies through the OCC's online FOIA site, https://foia-pal.occ.gov/ or by writing to the Comptroller of the Currency, Communications Division, Suite 3E-218, Mail Stop 6W-11, Washington, DC 20219. When ordering, please specify the appropriate enforcement action number.
Cease and Desist Orders
No. Name/Bank/City Date
Ohio
2015-113 U.S. Bank National Association, Cincinnati 10/23/2015
Civil Money Penalty Orders
No. Name/Bank/City Date
Florida
2015-121 Rory Brown, Lydian Private Bank, Palm Beach 10/6/2015
Personal Cease and Desist Orders
No. Name/Bank/City Date
New Mexico
2015-114 Nick Vigil, Valley National Bank, Espanola 10/29/2015
Terminations of Existing Enforcement Actions
No. Type/Bank/City/Old EA# Date
Maryland
2015-115 FA, Severn Savings Bank, FSB, Annapolis (EA# 2013-047) 10/15/2015
Missouri
2015-116 C&D, North American SB, FSB, Grandview (EA# 2013-010) 10/14/2015
2015-117 C&D, TIAA-CREF Trust Company FSB, St. Louis (EA# 2013-071) 10/9/2015
New York
2015-118 FA, Quontic Bank, Astoria (EA# 2014-102) 9/24/2015
2015-119 C&D, Banco Bradesco S.A., New York (EA# 2015-003) 10/28/2015
Wyoming
2015-120 C&D, Summit National Bank, Hulett (EA# 2012-128) 10/8/2015

Link:

OCC Notice

 

11.27.15
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November 23, 2015: 4 TAFA Final Designations revoked by HMT (kind of)

On Monday, Her Majesty's Treasury revoked the Final Designations of the following 4 persons:

KHAN, Reyaad
DOB: 10/10/1993. POB: Penarth, Cardiff, Wales, United Kingdom
a.k.a: (1) DUJANA, Abu (2) DUJANA AL-HINDI, Abu (3) DUJANA RK,
Abu Nationality: British Passport Details: 511425841 (British) Address: Cardiff,
Wales, United Kingdom, CF11. Other Information: UK Listing Only. Address is last
known address. Group ID: 13003.

AMIN, Ruhul
DOB: 24/02/1989. POB: Moulvibazar, Sylhet District, Bangladesh a.k.a: (1) AMIN,
Abdul, Rakib (2) AMIN, Abdul-Rakib (3) BARA' AL-HINDI, Abu Nationality: (1)
Bangladeshi, (2) British Passport Details: 705477212
(British) Address: Aberdeen, Scotland, United Kingdom, AB24. Other
Information: UK Listing Only. Address is last known address. Group ID: 13002.
MUTHANA, Nasser
DOB: 24/09/1994. POB: Heath, Cardiff, Wales, United Kingdom
a.k.a: (1) MUTHANA, Abdul (2) MUTHANA, Abu (3) MUTHANA,
Nasir (4) MUTHANA AL YEMENI, Abu (5) MUTHANNA, Abu Nationality:
British Passport Details: 210804241 (British) Address: Cardiff, United Kingdom,
CF10. Other Information: UK Listing Only. Address is last known address. Group
ID: 13004. (designated under the UN Al-Qaida regime, Group ID: 13286)

MUTHANA, Aseel
DOB: 22/11/1996. Nationality: British Passport Details: 516088643
(British) Address: Cardiff, Wales, United Kingdom, CF10. Other Information: UK
Listing Only. Address is last known address Group ID: 13005. (designated under
the UN Al-Qaida regime, Group ID: 13297)

under the Terrorist Asset-Freezing etc. Act of 2010 (TAFA). However, Nasser and Aseel Muthana are still designated under the United Nations' Al-Qaida sanctions program.

Link:

HMT Notice

11.27.15
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November 23, 2015: EU, HMT remove Ali Ahmed Nur Jim’ale from Somalia sanctions

On Monday, Her Majesty's Treasury (HMT) implemented Council Implementing Regulation (EU) No 2015/2044 by removing the following person from its Somalia sanctions list:

JIM'ALE, Ali, Ahmed, Nur


DOB: –/–/1954. POB: Eilbur, Somalia a.k.a: (1) JIM'ALE, Ahmad, Ali (2) JIM'ALE,
Ahmad, Nur, Ali (3) JIM'ALE, Ahmed, Ali (4) JIM'ALE, Shaykh, Ahmed,
Nur (5) JIM'ALE, Sheikh, Ahmed


Nur (5) JIM'ALE, Sheikh, Ahmed Nationality: (1) Somalia (2) Djibouti Passport
Details: AO181988 (Somalia). Expired 23 Jan 2011 Address: Djibouti, Republic of
Djibouti. Other Information: A prominent businessman and figure in the Al-
Shabaab charcoal-sugar trading cycle. Jim'ale is one of Al-Shabaab's chief
financiers. As of fall 2007, Jim'ale established a front company in Djibouti for
extremist activities called the Investors Group. As of September 2010, Jim'ale
established ZAAD, a mobile-to-mobile money transfer business. As of December
2011, unidentified donors from the Middle East were transferring money to Jim'ale,
who in turn used financial intermediaries to send the money to al-Shabaab. Group
ID: 12699.

Links:

HMT Notice

Council Implementing Regulation (EU) No 2015/2044

 

11.26.15
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[UPDATED] November 26, 2015: DFAT, UN, OSFI remove Nazih Abdul Hamed Nabih Al-Ruqai’i from Al-Qaida sanctions

Today, Australian and Canadian regulators removed the following person from their Consolidated List:

QDi.023 Name: 1: NAZIH 2: ABDUL HAMED 3: NABIH 4: AL-RUQAI’I

Name (original script): نزيه عبد الحميد نبيه الراجعي

Title: na Designation: na DOB: a) 30 Mar. 1964 b) 14 May 1964 POB: Tripoli, Libyan Arab Jamahiriya Good quality a.k.a.: a) Anas Al-Liby b) Anas Al-Sibai c) Nazih Abdul Hamed Al-Raghie Low quality a.k.a.: na Nationality: Libyan Passport no.: 621570National identification no.: 200310/I Address: Al Nawafaliyyin, Jarraba Street, Taqsim Al Zuruq, Tripoli, Libyan Arab Jamahiriya Listed on: 17 Oct. 2001 (amended on 31 Jul. 2006, 16 Dec. 2010 ) Other information: Review pursuant to Security Council resolution 1822 (2008) was concluded on 21 Jun. 2010.

 

following their delisting by the United Nations Al-Qaida Sanctions Committee.

Links:

UN Notice: PDF (DFAT), HTML (OSFI)

OSFI Notice

 

11.26.15
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Calling it what it is: Standard Chartered Bank phishing email

HKMA used to call these “fraudulent” – glad to see they're getting in step with the lingua franca:

Press Releases
Phishing e-mail related to Standard Chartered Bank (Hong Kong) Limited

The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by Standard Chartered Bank (Hong Kong) Limited on phishing e-mail, which has been reported to the HKMA. Hyperlink to the press release is available on the HKMA website for ease of reference by members of the public.

Anyone who has provided his or her personal information to the website concerned or has conducted any financial transactions through the website should contact the bank concerned using the contact information provided in the press release, and report to the Police or contact the Cyber Security and Technology Crime Bureau of the Hong Kong Police Force at 2860 5012.

Hong Kong Monetary Authority

20 November 2015

Link:

HKMA Notice