International financial institutions conducting 'significant transactions' with the ten sanctioned individuals could face secondary sanctions.
October 16, 2020What role do data and technology play in protecting financial institutions from exposure to the risks associated with sanctions and PEPs?
October 13, 2020FIs transacting with the sanctioned banks after a 45-day wind-down period may expose themselves to secondary sanctions or be subject to an enforcement action, Treasury said.
October 12, 2020OFAC makes clear in a new advisory that it may impose civil penalties if ransomware payments are made to sanctioned individuals or entities.
October 4, 2020Banks and financial infrastructure are emerging as an expanding front in geopolitics, writes RUSI’s Tom Keatinge.
September 29, 2020Sanctions specialist Eric Sohn explains how wargaming exercises can be used as a risk management tool to game out threats and enhance strategic planning.
September 27, 2020A joint parliamentary session was convened after the three bills were rejected by the Senate last month. FATF is set to assess Pakistan's progress next month.
September 22, 2020Any foreign FI that knowingly facilitates a significant transaction for the designated individuals or entities could be subject to US sanctions.
September 22, 2020OFAC alleges that Chinese state-owned company Union Development Group seized land from locals for development through a corrupt Cambodian general.
September 21, 2020Two North Koreans and one Malaysian allegedly used front companies to deceive US banks into processing transactions for North Korean customers.
September 16, 2020