Tag: OFAC

Sanctions compliance has expanded far beyond the financial sector. As global supply chains and digital ecosystems become more intertwined, organisations across manufacturing, logistics, technology,...

Money services businesses are increasingly central to global financial inclusion, yet they remain among the most scrutinised parts of the financial ecosystem. As providers...

A coordinated wave of sanctions from the United States, United Kingdom and European Union in October 2025 has intensified global restrictions on Russia’s energy...

Trade-based money laundering (TBML) has become one of the most challenging threats facing the financial system, as illicit funds can be hidden behind legitimate...

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,...