Tag: OFAC

OFAC has brought two enforcement actions against digital currency services providers in as many months – the latest, against BitPay, ...

With OFAC’s reach lengthening in the past few years, organizations should play close attention to their sanctions compliance program (SCP). ...

ForteBank CCO Timur Mussin continues a discussion on the real cost of noncompliance with a look at the various penalties ...

COVID-19 has caused a significant shift in the way financial institutions are doing business. Fenergo’s Rachel Woolley discusses what they ...

“Happy talk” amounts to empty words absent a frank, honest discussion of the issues. Michael Volkov explains one reason why ...

It's the most detailed statement to-date of OFAC’s views on the best practices that companies should follow to ensure compliance ...

Clifford Chance’s Wendy Wysong and Nick Turner discuss the sanctions risks looming in Hong Kong and what companies operating there ...

As the third in a triumvirate of releases on compliance programs, the DOJ's Antitrust Division released its antitrust compliance program ...

If your business activities take place in the U.S., you need to be doing OFAC screening. Michael Volkov offers five ...

Michael Volkov highlights three sanctions-related enforcement actions all breaking in the last six weeks – and two of which involved ...

The Clifford Chance team covers OFAC’s recently published “Framework for OFAC Compliance Commitments,” with a particular focus on how the ...

Michael Volkov details the settlement between the U.S. OFAC and Haverly Systems, which was found to be in violation of ...