Tag: OFAC

Community banks in 2026 find themselves navigating an AML landscape that is pulling in two directions at once. Regulators have made genuine efforts to...

Healthcare payments are rapidly emerging as a new battleground in the fight against financial crime. Traditionally viewed as systems vulnerable to billing fraud or...

In late February 2026, a prominent US educational institution agreed to pay $1.72m to the US Treasury to settle allegations that it had processed...

Sanctions failures rarely show up after an account is live. They tend to start at onboarding, when a missed signal, a weak rule or...

Sanctions compliance is no longer the preserve of banks and financial institutions. As global supply chains, digital connectivity, and cross-border commercial ecosystems continue to...

Money services businesses (MSBs) are central to global financial inclusion, supporting communities through remittances, currency exchange and accessible payment services. Their cross-border reach and high...

Western governments have strengthened the financial pressure on Russia with a fresh wave of sanctions aimed squarely at the country’s oil revenues—still the backbone...

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%...