Ghana is categorised by the US State Department as a Country/Jurisdiction of Primary Concern in respect of Money Laundering and Financial Crimes.
Which countries are sanctioned?
|North Korea||1950||North Korea–United States relations|
|Syria||1986||Syria–United States relations|
|Cuba||1958||United States embargo against Cuba|
|Venezuela||2019||International sanctions during the Venezuelan crisis|
Is Ghana on FATF?
Ghana has strengthened the effectiveness of its AML/CFT regime and addressed related technical deficiencies to meet the commitments in its action plan regarding the strategic deficiencies that the FATF identified in October 2018. Ghana is therefore no longer subject to the FATF’s increased monitoring process.
Who is on the OFAC list?
OFAC publishes lists of individuals and companies owned or controlled by, or acting for or on behalf of, targeted countries. It also lists individuals, groups, and entities, such as terrorists and narcotics traffickers designated under programs that are not country-specific.
Do any countries have sanctions on the US?
Most recently, the United States of America has been involved in multiple trade wars and imposed economic sanctions on multiple countries such as The People’s Republic of China, Iran and Russia. In retaliation, multiple countries have imposed economic sanctions on the United States of America.
What are the 5 sanctioned countries?
The Bureau of Industry and Security (BIS) implements U.S. Government certain sanctions against Cuba, Iran, North Korea, and Syria pursuant to the Export Administration Regulations (EAR), either unilaterally or to implement United Nations Security Council Resolutions.
Is North Korea a sanctioned country?
A number of countries and international bodies have imposed sanctions against North Korea. Currently, many sanctions are concerned with North Korea’s nuclear weapons program and were imposed after its first nuclear test in 2006. … In 1988, the United States added North Korea to its list of state sponsors of terrorism.
What is FIC Ghana?
The FIC is the National Centre for the receipt and analysis of suspicious transaction reports and other information relevant to predicate offences of Money Laundering/ Terrorist Financing and Proliferation Financing (ML/TF&P) and to disseminate actionable intelligence to competent authorities.
Which countries are not in FATF?
As of 21 February 2020, only two countries were on the FATF blacklist: North Korea and Iran.
High-risk and non-cooperative countries, not committed to an action plan:
Which countries are in Greylist of FATF?
The grey list is updated periodically and among the 19 countries it contains after the previous FATF meeting, in February this year, are Myanmar, Mauritius, Cambodia, Panama, Barbados, Cayman Islands, Syria. Pakistan has continued on this list since June 2018.
What are OFAC red flags?
Any transaction to which a listed person is a party will be deemed by BIS to raise a Red Flag. U.S. Specially Designated Nationals Lists – OFAC publishes a list of individuals and companies owned or controlled by, or acting for or on behalf of, targeted countries.
Who is subject to OFAC?
All U.S. persons must comply with OFAC regulations, including all U.S. citizens and permanent resident aliens regardless of where they are located, all persons and entities within the United States, all U.S incorporated entities and their foreign branches.
What are three types of OFAC sanctions?
Other types of sanctions lists maintained by OFAC include the Sectoral Sanctions Identifications List (targeted at Russia), the Foreign Sanctions Evaders List, and the more specific non-SDN Palestinian Legislative Council List, and the Iranian Sanctions List.