Tag Archives: sanctions

Treasury Sanctions North Korean Banks, Individuals

The Treasury Department’s Office of Foreign Assets Control today announced sanctions against eight North Korean banks, two banks identified as part of the North Korean government and 26 individuals linked to North Korean financial networks.

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Treasury Sanctions Iranians Involved in 2011-12 Bank DDoS Attacks

The Treasury Department’s Office of Foreign Assets Control today announced sanctions against 11 entities and individuals for support of previously sanctioned Iranian actors and for malicious cyber-crime, including a series of distributed denial of service attacks against U.S. financial institutions.

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ABA Rejects Proposal to Expand Money Laundering Risk Assessment

ABA today urged the Office of Management and Budget to reject the OCC’s proposed changes to its Bank Secrecy Act/Money Laundering Risk Assessment, or MLR, which evaluates the BSA/AML and OFAC sanctions risks associated with bank products as part of the agency’s BSA/AML/OFAC supervision program.

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