by Maryam Liaqat | Dec 17, 2022 | Articles |
By Jacob Parker, ACSS Reporter December 17, 2022 Failure to apply geolocation controls consistently has proven costly for two instant payment providers. On November 28, 2022, OFAC officials announced a $362,158.70 settlement with Payward, Inc, aka Kraken – a...
by Maryam Liaqat | Apr 30, 2022 | Articles |
By David Williams, ACSS Editor April 30, 2022 An Australian company’s settlement with the Office of Foreign Assets Control (OFAC) for more than $6 million is instructive for non-US companies of the financial risks they run in using US banks and currency to settle...
