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...

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...

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...

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...

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...

Due Diligence

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....

Wake Up To Sanctions

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, exactly two years after being issued, the Financial Crimes...

Wolfsberg’s New Correspondent Banking Questionnaire Incorporates Specific Guidance to Aid in Sanctions Compliance

Wolfsberg’s New Correspondent Banking Questionnaire Incorporates Specific Guidance to Aid in Sanctions Compliance

April 11, 2018 By: Anna Sayre, Legal Content Writer SanctionsAlert.com In direct response to increased regulatory expectations for enhanced due diligence in correspondent banking relationships, the Wolfsberg Group (Wolfsberg), published its new...

Affiliate Members