Events listed in United States
Federal and State Financial Regulatory Agencies Issue Interagency Statement on ...
ID 24662
As a result of the recent wildlife fires in Hawaii, the OCC, along with other agencies, has proposed a temporary relief program, realizing that not all individuals and/or institutions are capable of fulfilling the requirements of reporting or disclosure. The main points covered are: – Lending The agencies are calling for modification of loan agreements between lending banks and customers where necessary, in light ...
Magnitsky-related Designations; Syria-related Designations; Non-Proliferation ...
ID 24654
The Office of Foreign Assets Control (OFAC) has published a press release to inform about new sanction measures. Specifically, the Office added three individuals and three entities to its Specially Designated Nationals and Blocked Persons List (SDN List) pursuant to existing sanction regulations (31 CFR Part 583, Executive Order 13382, and Executive Order 13894) for their support of or engagement in human rights violations ...
Uniform request for broker-dealer withdrawal (PDF)
ID 24651
The document provided by the SEC is a new „Uniform Request for Withdrawal from Broker-Dealer Registration“ with the Central Registration Depository (CRD) so it is necessary to check with other bodies in case they require a different form. The form must be fully completed and even fields, which are not relevant should be marked with „N/A“. The original copy of the form with signatures ...
Counter Terrorism Designations; North Korea Designations
ID 24647
The Office of Foreign Assets Control (OFAC) has published a press release to inform about new sanction measures. Specifically, the Office added one individual and five entities to its Specially Designated Nationals and Blocked Persons List (SDN List) pursuant to existing sanction regulations (31 CFR Part 594, Executive Order 13551, and Executive Order 13886 for their support of or ties to terrorist organization Hizballah ...
FinCEN Notice Highlights Concerning Increase in Payroll Tax Evasion, Workers’ ...
ID 24639
The Financial Crimes Enforcement Network (FinCEN) has issued a notice to alert financial institutions of activities that may be related to payroll tax evasion or to workers‘ compensation fraud in both the U.S. residential and the commercial real estate construction sector. Specifically, the notice provides institutions with essential information to enhance their monitoring, detection, and reporting of suspicious activities associated with such fraud schemes. ...
Counter Terrorism Designation Update; Iran-related Designations Updates
ID 24634
The Office of Foreign Assets Control (OFAC) has published a press release to inform about new sanction measures. Specifically on August 15, 2023, the Office modified the records of an already sanctioned person and an already sanctioned entity which are designated pursuant to Statutory Instrument 31 CFR Part 594, the Global Terrorism Sanctions Regulation, and Statutory Instrument 31 CFR Part 561, the *Iranian Financial ...
Accounting: Bank Accounting Advisory Series Updated
ID 24633
The Office of the Comptroller of the Currency (OCC) has published a revised version of the „Bank Accounting Advisory Series“ which is a set of frequently asked questions (FAQs) relating to accounting issues of banks. The FAQs thereby cover issues ranging from the accounting for unrealized gains and losses of banks‘ investments, to the accounting for restructured loan agreements, to the accounting for life ...
OFAC to retire PIP, DEL, and SDALL.ZIP file formats of the sanctions list on or ...
ID 24632
The Office of Foreign Assets Control, OFAC, has published a press statement to announce that it is delaying the retirement of several of its sanction list file formats from August 15, 2023 to the week of September 18, 2023. Thereafter, these formats will no longer be available. The affected file formats are listed in below noted table: *Table 1 – File Formats that will ...
CFTC Staff Extends Request for Comment on the Impact of Affiliations of Certain ...
ID 24624
The Commodity Futures Trading Commission (CFTC) has published a press statement to inform that the staff of the Divisions of Market Oversight, Clearing and Risk, and Market Participants at the Commission is extending the comment period on its request for comment which seeks to gather insights into potential issues arising from affiliations between CFTC-registered entities and market participants. A detailed description of the *request ...
Russia-related Designations; Publication of Russia-related Frequently Asked Question
ID 24620
The Office of Foreign Assets Control (OFAC) has published a new press statement to inform about new sanction measures. Specifically, the Office added four individuals and one entity to its Specially Designated Nationals and Blocked Persons List (SDN List) pursuant to Executive Order 14024 which was signed by President Joseph Biden in 2021 and subsequently amended to install sanction measures for engagements in or ...