The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) continues to administer and enforce strict scrutiny on U.S. and non-U.S. companies. Several settlement agreements have been noted in the past months that signal the broad reach of U.S. sanctions regulations.
BSA/AML Enforcement Trends: Regulatory Guidance for an Effective Compliance Program
Ahmed Zidan2022-12-28T00:11:55-05:00In response to a prevailing view that the US was becoming a haven for money laundering, as well as emerging risks posed by advances in financial technology and the advent of virtual currencies,