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 MSN23d
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 ...
Jurist7h
US sanctions China cybersecurity firm for alleged role in critical infrastructure hacks
The US Treasury Department imposed sanctions against Beijing-based cybersecurity firm Integrity Technology Group, Inc. on Friday due to its alleged involvement in a series of cyberattacks targeting ...
JD Supra1mon
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 ...
JD Supra1mon
OFAC Fines U.S. Person $1 Million for Multiple Violations of Sanctions Regime Against Iran
government-owned Iranian financial institutions. OFAC also highlighted the individual’s lack of cooperation during the investigation, which exacerbated the severity of the case. Despite these ...
Law24d
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 ...