Last week, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) delivered another reminder that sanctions compliance remains paramount for financial institutions both domestically and abroad, and a rapidly evolving area of risk for organizations small and large. In a series of actions targeting the embattled countries of both Cuba and Iran, OFAC expanded […]
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On June 4, 2026, the U.S. Treasury’s Office of Foreign Assets Control did something it had never done before. It placed the sitting President of Cuba, Miguel Diaz-Canel Bermudez, on the Specially Designated Nationals (SDN) List. He was not added alone. OFAC designated his wife, Lis Cuesta Peraza, alongside Alejandro Castro Espin, Raul Alejandro Castro […]
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The Trump administration’s latest polarizing proposition once again places the domestic financial sphere on the forefront of the global war on dirty money. Unlike many of the actions preceding it however, the President’s latest executive order, coined Restoring Integrity to America’s Financial System, may ultimately prove to be one of the most consequential anti-money laundering […]
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