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Ship Registries Agree to Information Pact To Help Avoid Sanctions Evasion

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...

Do Cryptocurrencies Pose a Sanctions Risk?

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...

Wake Up To Sanctions | Second Quarter 2019 – Summer Edition Sanctions Round Up

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...

US Treasury Requests Further Funds Increase For Sanctions, Terrorism, and OFAC IT Infrastructure

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...

Ten Tips On How To Comply With An OFAC Settlement Agreement (Or Avoid the Regulator Altogether)

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...
Do Cryptocurrencies Pose a Sanctions Risk?

Do Cryptocurrencies Pose a Sanctions Risk?

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...

Wake Up To Sanctions

SanctionsAlert.com Sanctions Round Up May 30, 2018 FinCEN CDD Rule Comes into Effect; FFIEC Issues Guidance for Compliance Suites, including for OFAC Officers On May 11, 2018,...

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