regulatory bodies like OFAC are placing greater emphasis on ensuring that financial institutions uphold sanctions laws. This ...

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 ...

This court ruling, which limits what can be designated or sanctioned by the U.S. government, has been hailed as a victory for ...

Vulnerabilities related to environmental, social and governance issues have become a serious threat vector when it comes to ...

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 ...

[iv] Global financial institutions will therefore be forced to adapt well before the new U.S. presidential administration takes office in January 2025. Also on November 21, 2024, OFAC issued an ...

WARSAW, N.Y., Dec. 11, 2024 (GLOBE NEWSWIRE) -- Financial Institutions, Inc. (Nasdaq: FISI) (the “Company”), parent company of Five Star Bank and Courier Capital, LLC, announced today that it ...

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 ...