Potential Sanctions Risks for Facilitating Ransomware Payments

By Alejandro Leanez, ACSS October 1, 2021 Ransomware payments in response to cyberattacks are increasing while becoming more focused, sophisticated and costly. In 2020, ransomware payments reached...

Global Technology Companies Experience Wave of Compliance Failures

September 10, 2021 By Alejandro Leanez, ACSS Technology companies with cross-border activities across the globe can be subject to sanctions. The rapid advance of the technology sector creates...

OFAC Designates Network Financing Houthi Aggression in Yemen

By: David Williams, Editor, ACSS July 23, 2021 The U.S. has stepped up its efforts to thwart attempts to conduct business with individuals and companies that support aggressive, dissident groups in...

How to Get Off the Sanctions List: Comparing OFAC and EU

June 9, 2021 By: Alejandro Leáñez, ACSS Sanctions delisting procedures are not within the scope of many debates relating to sanctions globally. All entities or persons subject to OFAC or EU...

Mexican Based-Network Used by Venezuela for Sanctions Evasion

May 9, 2021 By: Alejandro Leáñez, ACSS The world over, sanctions evasion tactics are becoming more sophisticated. Petróleos de Venezuela (PDVSA), which was sanctioned by OFAC on January 28, 2019,...

OFAC

Potential Sanctions Risks for Facilitating Ransomware Payments

By Alejandro Leanez, ACSS October 1, 2021 Ransomware payments in response to cyberattacks are increasing while becoming more focused, sophisticated and costly. In 2020, ransomware payments reached over $400 million, more than four times that of...

OFAC Designates Network Financing Houthi Aggression in Yemen

By: David Williams, Editor, ACSS July 23, 2021 The U.S. has stepped up its efforts to thwart attempts to conduct business with individuals and companies that support aggressive, dissident groups in Iran and Yemen. OFAC has designated members of...

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