As countries and crypto businesses struggle with attacks by North Korea’s state-sponsored hackers and "IT workers," the US ...

Over the last decade, the Office of Foreign Assets Control (OFAC) has imposed $4.3 billion in civil money penalties. But did you know that businesses other than banks received 81% of these fines last ...

In an interesting end of year decision, issued on December 31, 2019, a District Court in Dallas issued a rejected OFAC’s enforcement action against Exxon Corporation imposing a $2 million penalty for ...

According to OFAC, the sanctioned individuals used licensed and unlicensed money exchange houses to move “Iranian oil and ...

On November 7, 2019, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced in an Enforcement Information that Apollo Aviation Group, LLC (Apollo), a Florida-based ...

Oil and gas giant ExxonMobil Corp. (NYSE: XOM) recently achieved what many in the export compliance profession thought would be impossible. It won a federal court case against the Treasury ...

The historic Merge upgrade from Sept. 2022 — which marked Ethereum’s transition from proof-of-work (PoW) to proof-of-stake (PoS) — resulted in the overall decline in compliance with standards laid ...

The percentage of Ethereum blocks complying with orders set by the United States Office of Foreign Asset Control (OFAC) has now fallen to 47% — the lowest level since Oct. 11. The latest milestone in ...

https://www.thehindubusinessline.com/money-and-banking/banks-want-ofac-cell-created-in-dfs-to-deal-with-sanctions-related-advisories/article68297270.ece Copy Banks ...

Calling all CISOs and CISSPs, all of you CCNAs, GIACs and CEHs: do you need another acronym to remember, along with HIPAA, FISMA, COBIT, GLBA, FERPA and PCI? Probably not! But try this one on for size ...

At a status conference in Manhattan on Tuesday, District Judge Katherine Polk Failla initially waffled on whether she would allow expert witnesses to testify about the sanctions, which were initially ...

In the last two decades, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed a series of substantial sanctions. OFAC sanctions are increasing in number and ...