AML Watcher Insight Reveals Escalated Secondary Sanctions Risk for ASEAN Nations Amidst Surging Russia Trade
The analysis underscores the necessity for a more sophisticated approach to sanctions screening for institutions in Singapore, Malaysia, Vietnam, and the Philippines to maintain access to vital U.S. markets.
In the wake of extensive economic sanctions imposed by the US, the EU, and other Western allies, Russia has shifted its economic engagement towards Asia, with trade in the ASEAN bloc reaching an all-time high. This presents a complex compliance challenge. While businesses in ASEAN are not legally obligated to comply with all U.S. sanctions unless a correspondent banking relationship is involved, dealing with some entities targeted by OFAC can trigger secondary sanctions. This could result in U.S. authorities directly sanctioning the ASEAN business, effectively blocking it from the U.S. financial system and all trade with American entities.
' The challenge for non-U.S. businesses is that most screening tools flood compliance teams with alerts for every OFAC-sanctioned entity. This creates a huge amount of irrelevant work, because these businesses only need to avoid the specific entities that trigger secondary sanctions,' said Raja Haris, GrowthManager at AML Watcher. " Legitimate business gets delayed or even rejected due to this compliance noise and a lack of clear risk understanding. '
This is precisely where AML Watcher's intelligent, risk-based approach provides a critical lifeline. Businesses ensure efficiency in AML compliance by cutting through the noise with AML Watcher's context-driven data, carefully labeled for secondary sanctions risks, and allowing them to:
' Our goal is to replace compliance noise with compliance intelligence,' added Haris. " We empower businesses to pursue growth opportunities securely by providing the clarity to distinguish between real threats and irrelevant alerts. This is how you trade with confidence in today's complex geopolitical landscape. '
About AML Watcher
AML Watcher offers a comprehensive suite of anti-money laundering (AML) compliance solutions, including sanctions, PEP, and adverse media screening, transaction screening and monitoring, and a complete case management system. Businesses can carefully manage their risk and combat financial crime by utilizing AML Watcher's distinct, intelligence-augmented screening solutions.
For more information on the insight or to learn more about AML Watcher's secondary sanctions data solutions, please visit amlwatcher.com.
Contact Info:
Name: Oonagh Van Den Berg
Email: Send Email
Organization: AML Watcher
Website: https://amlwatcher.com/
Release ID: 89165896
If you come across any problems, discrepancies, or concerns related to the content contained within this press release that necessitate action or if a press release requires takedown, we strongly encourage you to reach out without delay by contacting [email protected] (it is important to note that this email is the authorized channel for such matters, sending multiple emails to multiple addresses does not necessarily help expedite your request). Our committed team will be readily accessible round-the-clock to address your concerns within 8 hours and take appropriate actions to rectify identified issues or support with press release removals. Ensuring accurate and reliable information remains our unwavering commitment.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
42 minutes ago
- Yahoo
UPS vs. Whirlpool: 2 High-Yield Stocks That Crashed, but Only one Is a Buy
Key Points Both UPS and Whirlpool's stocks are on multiyear downtrends, raising their yields. Whirlpool has cut its dividend in response, but UPS hasn't. However, UPS will likely feel a bigger negative impact from tariffs. 10 stocks we like better than United Parcel Service › Do you like bargain-priced stocks? How about bargain-priced dividend stocks? How about bargain-priced dividend stocks that you've actually heard of? Well, you're in luck! The stocks of two iconic American brands are currently sitting in the bargain bin. The companies are shipping behemoth UPS (NYSE: UPS) and appliance maker Whirlpool (NYSE: WHR). Both stocks have been slowly sinking for years, with share prices now down more than 60% from their all-time highs! Both stocks fell again -- by more than 15% -- after their recent second-quarter earnings reports, but one looks more likely to recover. Only one cut its dividend Both UPS and Whirlpool have long histories of paying and regularly increasing their dividends. By July, their share-price slumps had pushed both of their dividend yields above 7%. A yield that high is tempting, but neither company was on track to generate enough free cash flow to cover it. When a company can't cover its dividend with free cash flow, it has to dip into the cash on its balance sheet, take on additional debt, or find some other way to fund the payout. UPS is going to try to make it work somehow, according to CEO Carol Tome on the Q2 earnings call. She told investors, "You have our commitment to a stable and growing dividend." That means the company will be on the hook for at least $5.5 billion in dividend payouts this year, which seems almost certain to exceed its free cash flow for the year. That keeps UPS's yield high for now, but investors should remember that there's no guarantee the company's position won't change without warning, resulting in a surprise dividend cut. Whirlpool, on the other hand, cut its annual payout in half from $7 per share to $3.50 per share. That means its yield is now much lower than UPS's (4% vs. 7.5%), but its $190 million total payout is also much more manageable, making its dividend more sustainable over the long term. It also means the dividend cut is baked into the company's current share price, whereas if UPS makes a cut, its stock price will probably sink even lower in response. The ups and downs of tariffs UPS and Whirlpool are both bracing for the impact of tariffs, but in different ways. For UPS, the tariffs are a huge risk. They will likely cause imports to decline, resulting in lower shipping volumes. With some tariffs kicking in just as the labor market shows signs of weakness, they could negatively impact overall consumer spending (and thus, shipping) during the critical holiday shopping season. On the other hand, the tariffs may actually help Whirlpool by hurting its foreign competitors like LG, Samsung, and Haier. The Trump administration has proposed high tariffs on countries that happen to export lots of large appliances to the U.S. These include South Korea (25%), Thailand (36%), Vietnam (46%), and China (as high as 145%). Many of these rates are in flux, but even if they end up at 10% or 15%, it will still give Whirlpool, which manufactures more than 80% of its products in the U.S., a big pricing advantage. Although UPS's yield may now be higher than Whirlpool's, its prospects are looking dimmer thanks to economic factors outside of its control. Meanwhile, even after its dividend cut, Whirlpool still offers a decent yield and a compelling valuation. If I were to pick one, I'd go with Whirlpool hands down. Do the experts think United Parcel Service is a buy right now? The Motley Fool's expert analyst team, drawing on years of investing experience and deep analysis of thousands of stocks, leverages our proprietary Moneyball AI investing database to uncover top opportunities. They've just revealed their to buy now — did United Parcel Service make the list? When our Stock Advisor analyst team has a stock recommendation, it can pay to listen. After all, Stock Advisor's total average return is up 1,070% vs. just 184% for the S&P — that is beating the market by 885.55%!* Imagine if you were a Stock Advisor member when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $668,155!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,106,071!* The 10 stocks that made the cut could produce monster returns in the coming years. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 13, 2025 John Bromels has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends United Parcel Service. The Motley Fool recommends Whirlpool. The Motley Fool has a disclosure policy. UPS vs. Whirlpool: 2 High-Yield Stocks That Crashed, but Only one Is a Buy was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Newsweek
an hour ago
- Newsweek
Miami Housing Market Sees South American Takeover
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Foreign homebuyers are increasing their presence in Miami, even as concerns around the impact of the Trump administration's tariffs on the U.S. economy grow and Florida experiences a deep market correction. Buyers from outside the United States represented nearly half (49 percent) of all buyers of new construction in the Miami metropolitan area in the 18 months ending June 2025, according to a recent report by Miami Realtors. A vast majority of these buyers (86 percent) came from Latin American countries. "The demand from Colombia, Mexico, and Argentina isn't slowing down, it's accelerating," real estate broker Ryan Serhant, founder and CEO of Serhant, said in the report. This increase may have "something to do with global uncertainty, in particular in South America, where there is high inflation and political turmoil," Yuval Golan, founder and CEO of Waltz, told Newsweek. "To combat this, Latin Americans may be seeking to preserve their wealth in USD through U.S. real estate." Why Are So Many Foreigners Buying New Homes in Miami? According to Golan, a combination of convenience and financial incentives is pushing internationals toward buying new builds in the Magic City. "New development buildings often offer amenities like pools, gyms, dog parks, and may even have front doormen. A new build typically has fewer maintenance issues, making it easier to manage from abroad than older inventory," he said. This is particularly true considering the current headwinds hitting the Florida condo market. The state, especially its southwest region, has struggled with a sudden rise in condo inventory in recent months following the implementation of new building safety regulations, threatening higher fees for condo associations and owners. Under the new rules, introduced after the Surfside collapse of June 2021, condo associations in Florida are required to conduct regular inspections on aging buildings and fully fund future repairs. These requirements make newly built condos a safer investment for international buyers than many older condos in poor condition in the city. Another reason making new builds so appealing to international buyers, Golan said, is that some builders are offering hefty discounts to those willing to invest in the condo project before it's completely built. This kind of incentive has become more common among Florida developers in recent months, as sales have slumped and inventory has grown. The Trump administration's policies are also making investing in the American real estate market more interesting for international buyers. "This administration encourages real estate investment with tax incentives such as the Big Beautiful Bill, which offers bonus depreciation on real estate, among other benefits," Golan said. "There are also programs that encourage wealthy individuals around the world to invest in America to obtain a visa." How the So-Called 'Capital of Latin America' Is Keeping Its Nickname Miami already has the largest proportion of Hispanic and Latin American residents in the U.S., accounting for about 70 percent of its population. It's no surprise, then, that the city attracts many real estate investors from Latin America. "For many people living in Latin America, Miami is the bridge between their home country and the United States, where there are many cultural ties. This gives buyers from these places a sense of familiarity with their home country cuisine found in the city, and they can hear their language spoken," Golan said. "It builds trust because these buyers could very well have relatives who live in the U.S. or, at the very least, be able to speak their native language with real estate agents, contractors, property managers, lenders, and other people they would need to interact with to buy a property." Condo buildings in downtown Miami, Florida, as seen on August 1, 2025. Condo buildings in downtown Miami, Florida, as seen on August 1, there is more than just familiarity and an established community. "Miami is a desirable location for a variety of reasons. It has no state income tax, and many businesses are moving to Miami, bringing jobs for new residents who need housing. Miami is also a tourist destination, which brings money into the economy, and with Airbnb becoming increasingly popular as an alternative to hotels, people may buy condos to rent to these tourists," Golan said. International buyers—and those from Latin America, specifically—also seem to believe in the stability of the U.S. economy and the country's housing market "over long-term horizons," Golan said. "The USD has been one of the globally recognized currencies and is more stable than currencies in many parts of the world. In addition, U.S. real estate has shown strong performance over the last half century, so this, combined with preserving foreign-earned money in U.S. currency in the form of an appreciating asset, is appealing."
Time Business News
2 hours ago
- Time Business News
Top 5 Halal Certification Providers in New York
Halal certification ensures that products and services comply with Islamic dietary laws, making them permissible for Muslim consumers. This process verifies that no prohibited (haram) elements, such as pork or alcohol, are involved and that proper slaughtering methods (zabiha) are followed. In New York, with a Muslim population exceeding 800,000, the demand for halal-certified products is significant, driven by consumer awareness, export opportunities, and integration into public institutions like schools and restaurants. This article ranks the top 5 halal certification providers in New York based on reputation, services, accreditations, and local impact, with Halal Watch leading the list. Halal Watch is the premier halal certification provider in New York, recognized for its credibility, global accreditations, and comprehensive services across various industries. With over 40 years of collective expertise, Halal Watch is a U.S.-based agency with a strong New York presence through its network of inspectors. Its affiliate program extends its reach, supporting local businesses in food service and manufacturing. Accredited by the U.S. Department of Homeland Security (USDHS), Halal Watch aligns with international standards like GSO 993, UAE 2055-4, MS 1500, and ISO 22000, facilitating exports to markets like Malaysia and the UAE. Halal Watch certifies food and beverages, meat and poultry, cosmetics, pharmaceuticals, supplements, restaurants, and slaughterhouses. It offers halal meat certification for exports, private label certification, and training programs for compliance. The process includes consultation, service proposal acceptance, 50% deposit, document submission for pre-audit, annual on-site inspection, and certification upon approval and final payment. Costs vary by business type, with transparent 2025 pricing on their website. Halal Watch's ethical practices, global compliance, affordability, and support for private labels make it ideal for New York businesses serving diverse consumers. Majlis Ash-Shura is a pioneering New York-based organization, excelling in community-focused halal certification, particularly for public institutions. As the first to certify New York public schools for halal meals, it began with a pilot in six schools and now certifies 43, partnering with the NYC Department of Education for further expansion. Recognized through its DOE partnership; no additional accreditations specified. Focuses on certifying schools for zabiha halal meals, with plans to expand to charter schools and private sectors. Involves application, Zoom explanation, staff training, kitchen inspection, and one-year certification. Its grassroots approach and free services make halal accessible in New York's public sphere, addressing educational needs. Website: Donations: SBNY provides free, reliable halal monitoring, emphasizing community service and authenticity in meat certification. Founded in 2006 as a non-profit, SBNY serves the Muslim community in religious and social matters, including halal oversight. No specific accreditations mentioned. Offers free halal certification and monitoring for slaughterhouses, distributors, and retailers, focusing on hand-slaughtered zabiha meat. Described as simple and fee-free, though details are limited. Its no-cost model and perpetual monitoring ensure accessibility and trust for New York's halal consumers. Phone: (718) 426-3454 Email: info@ Website: HFSAA promotes inclusive, high halal standards, with a strong presence in certifying New York eateries and markets. As a non-profit, HFSAA addresses the halal economy's growth, advocating for transparent and quality certifications. No specific accreditations detailed, but praised for high standards. Certifies foods, manufacturers, chemicals, and more at low costs, with listings for halal restaurants and markets in New York. Not explicitly detailed, but emphasizes affordability and inclusivity. HFSAA's focus on higher standards and consumer protection benefits New York's diverse halal landscape. IFANCA is a globally recognized halal certification body with a strong New York presence, known for its rigorous standards and extensive industry coverage. Founded in 1982, IFANCA is one of the oldest halal certification organizations in the U.S., serving clients in New York and worldwide with a focus on authenticity and consumer trust. IFANCA is accredited by international bodies like JAKIM (Malaysia), MUI (Indonesia), and ESMA (UAE), ensuring global market acceptance. Certifies food products, beverages, meat, poultry, cosmetics, pharmaceuticals, and packaging materials. It also provides training and consulting services for businesses seeking halal compliance. Involves application submission, document review, facility inspection, and certification issuance upon compliance. Annual audits ensure ongoing adherence. IFANCA's long-standing reputation, global accreditations, and comprehensive services make it a trusted choice for New York businesses targeting both local and international markets. Phone: (773) 283-3708 Email: ifanca@ Website: These top providers deliver exceptional halal certification services, catering to New York's vibrant Muslim community and growing halal economy. From Halal Watch's global reach to IFANCA's established expertise, businesses can choose a provider that aligns with their needs. Contact these organizations directly for tailored guidance on achieving halal compliance. TIME BUSINESS NEWS
