Tag: OFAC

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 an essential line of defence in the global fight against money laundering and terrorism financing. Lawyers, accountants, real estate agents,...

When managing U.S. export controls and sanctions compliance, businesses often come across two key ownership-based rules: the Bureau of Industry and Security (BIS) 50%...

The U.S. Department of Commerce’s BIS has made a decisive move to strengthen export control enforcement by closing loopholes that allowed sanctioned entities to...

Banks occupy a crucial position in the global financial ecosystem, serving as the primary channels for trade and cross-border financial transactions. Because of this central...

The luxury goods sector is increasingly finding itself under the regulatory spotlight as governments tighten export controls amid geopolitical tensions. For brands known for precision...

Financial criminals are often reported in the press long before their names appear on sanctions or politically exposed persons (PEP) lists. This is why...

Fraud rings are becoming a serious threat across finance, payments, and cryptocurrency. These organised criminal networks continually adapt to exploit weaknesses in financial systems,...

Moody’s has released new research mapping the global landscape of sanctions regimes, offering insights into how governments and organisations deploy these measures and how...

The rapid growth of real-time and cross-border payments has transformed how money moves globally, creating both vast opportunities and new risks for financial institutions....