The Financial Crimes Enforcement Network is issuing a final rule imposing a special measure against North Korea as a jurisdiction of primary money laundering concern under the USA Patriot Act.
As part of the Obama administration’s continued opening toward Cuba, the Treasury Department today announced the easing of additional financial sanctions and limitations affecting interactions between the U.S. and Cuba.
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.
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.
The Treasury Department’s Office of Foreign Assets Control today imposed sanctions against 37 new individuals and entities related to the territorial conflicts between Ukraine and Russian proxies.
The Treasury Department and the federal banking agencies issued a fact sheet today to communicate expectations about anti-money laundering and sanctions enforcement.
The OCC is seeking comments on proposed changes to its Bank Secrecy Act/Money Laundering Risk Assessment, or MLRS, which evaluates the BSA/AML and OFAC sanctions risks associated with bank products and serves as an important tool for the OCC’s BSA/AML/OFAC supervision program.
The Departments of the Treasury and Commerce announced additional revisions to the Cuban Assets Control Regulations (CACR) and Export Administration Regulations (EAR), building on changes announced by President Obama in December.
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on July 14 released a statement on the Joint Comprehensive Plan of Action (JCPOA) regarding Iran’s nuclear program.