Tag: OFAC

Sanctions screening has become a crucial line of defence in the fight against financial crime, helping to prevent professional and financial services from being...

The Bureau of Industry and Security (BIS) and the Office of Foreign Assets Control (OFAC) both apply a 50% ownership threshold to determine regulatory...

The Bureau of Industry and Security (BIS) within the U.S. Department of Commerce has taken a major step towards tightening export control enforcement with...

Banks play a pivotal role in the global financial ecosystem, acting as critical intermediaries in trade and financial transactions. This central position also makes...

The luxury goods industry has come under heightened scrutiny in recent years as regulators intensify oversight of export control compliance amid growing geopolitical tensions. For...

Financial criminals are often flagged in the news long before they appear on sanctions or politically exposed persons (PEP) lists. Regulators worldwide—including FATF, FinCEN,...

Fraud rings are becoming a mounting concern for businesses operating in finance, payments, and cryptocurrency. Every day, organised criminals search for ways to exploit...

Moody’s has released new research mapping the global landscape of sanctions regimes, offering insights into how governments and organisations deploy these measures and how...

The Federal Reserve predicted in 2022 that the benefits of instant payments would be critical for financial institutions seeking to remain competitive. That prediction...

The Bureau of Industry and Security (BIS), part of the US Department of Commerce, is reportedly exploring a new “50% rule” that could significantly...