The Treasury Department’s Office of Foreign Assets Control today imposed sanctions on international payment processor PacNet and a network of 12 individuals and 24 entities targeted for supporting PacNet. The processor “has a lengthy history of money laundering by knowingly processing payments on behalf of a wide range of mail fraud schemes that target victims in the United States and throughout the world,” OFAC said. “PacNet is the third-party payment processor of choice for perpetrators of a wide range of mail fraud schemes.”
FinCEN extends compliance dates for fentanyl orders
FinCEN has extended by more than a month the effective dates for orders involving three Mexico-based financial institutions with alleged ties to fentanyl trafficking, according to an agency statement.