Regtechtimes on MSN5mon
State Street Bank Settles $7.45 Million Penalty Over OFAC Sanctions Violations
regulatory bodies like OFAC are placing greater emphasis on ensuring that financial institutions uphold sanctions laws. This ...
Hosted on MSN1mon
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 ...
Crowdfund Insider10d
Risk of Financial Institutions Breaching Sanctions Rules Will Rise in 2025 Due to Volatile Geopolitical Environment: Regtech Exec
As the year 2024 comes to a close, it’s wise for financial institutions and Regtech (regulatory technology) providers to ...
JD Supra4y
Test Your Knowledge on OFAC Sanctions
All such blocked and frozen transactions are reported to the US authorities, which track the identity of the foreign financial institutions that do business with parties under OFAC sanctions.
American Banker4dOpinion
Banks must focus on ESG issues to win the money-laundering fight
Vulnerabilities related to environmental, social and governance issues have become a serious threat vector when it comes to ...
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 ...