July 01, 2020 By: Natasha Bright, ACSS Reporter Jurisdictions like North Korea or Iran have long sought to evade sanctions through the maritime industry. To buy and sell commodities like oil or coal, some shipping companies manipulate identifying information...
October 04, 2019 By: Natasha Bright, ACSS Reporter The virtual currency sector has exploded in the last few years. What began as one cryptocurrency in 2009 – Bitcoin – has ballooned into a market of more than 2200 in circulation as of July 2019. Even FaceBookcurrently...
August 05, 2019 OFAC Publishes New Framework for Compliance Commitments, Naming 5 Essential Components On May 2, 2019, the U.S. Treasury’s Office of Foreign Assets Control (OFAC) published a Framework for OFAC Compliance Commitments “in order to provide organizations...
May 2, 2019 By: Anna Sayre, Head of Legal Content, ACSS Regulators at the U.S. Treasury have signalled their top priorities for the year, and it doesn’t look good for sanctions violators. The Treasury’s Office of Terrorism and Financial Intelligence (TFI)’s new budget...
April 23, 2019 By: Scott Nance*, Principal, LC Consulting Recent times have seen an uptick in sanctions enforcement actions, placing an onus on many compliance suites and officers to take head and build a robust sanctions compliance program. In April alone, OFAC...
