This project is to find out what are the impact and risks emerged as of the latest US sanctions and propose suggestions to avoid any offence of the sanction while maintain relative regulation and guideline. One of the sanction is that the US government has sanctioned Hong Kong Chie Executive Carrie Lam Cheng Yuet-ngor and 10 other city and mainland China.
The risks should mainly focus on while handling new customer onboard and how to review existing PEP customer and related closed associate.
please include below points this projects.
What is the UN Sanctions List?
Who has to comply With UN Sanctions? Who is a “US Person”?
What are the Risks?