5th Circuit Overturns OFAC’s Tornado Cash Sanctions
This court ruling, which limits what can be designated or sanctioned by the U.S. government, has been hailed as a victory for ...
Hosted on MSN20d
OFAC’s $14.5M Blow to Aiotec for U.S. Sanctions Violation
The alleged wrongdoing didn’t end there—payments related to the sale were reportedly routed through U.S. financial institutions, further deepening the violation. OFAC claims that Aiotec’s ...
JD Supra29d
OFAC Takes More Aggressive Action to Deter Foreign Financial Institutions’ Participation in Russian Financial Sector
OFAC also issued an alert highlighting the sanctions risks for foreign financial institutions that join Russian financial messaging system, Sistema Peredachi Finansovykh Soobscheniy or “System ...
JD Supra27d
U.S. Treasury announces new sanctions targeting Russian banks, warns foreign financial institutions from using Russian alternative to SWIFT
The U.S. Department of the Treasury’s Office of Foreign Assets Control has designated dozens of Russian banks including Gazprombank and issued an alert warning foreign financial institutions of ...
Law21d
Compliance in the Peer-to-Peer Payment Landscape
The swift rise of instant payment platforms such as Venmo and Zelle has revolutionized financial transactions ... administered by the Office of Foreign Assets Control (OFAC), mandates rigorous ...
Crowdfund Insider14d
US Department of Treasury’s Office of Foreign Assets Control Sanctions Two Individuals Related to North Korea Crypto Laundering Ploy
The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has announced sanctions against two individuals ...
EDN13y
ATTUS Technologies, Inc. Launching Its Enhanced WatchDOG® Wire Regulatory Compliance Software For Financial Institutions
“Our entire wire process has been enhanced as we are able to process wires faster and more efficiently – while complying with OFAC,” said Melanie Main ... the most labor-intensive processes for ...