Category: Sanctions

Sanctions Shortcomings

Weekly Roundup: OFAC, DOJ Levy Major Penalties for Sanctions Shortcomings

As the global crusade on financial crime continues worldwide, several significant developments in anti-money laundering (AML) and counter terrorism financing (CFT) took place domestically last week, underscoring enforcement efforts taken by the U.S. government as part of its intensified focus on sanctions compliance and illicit financial activities, particularly involving foreign entities seeking to exploit vulnerabilities […]

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Sanctions Screening Software

Why Do Startups & Small Banks Need Sanctions Screening Software Too?

Startups and small banks often face the same risks as larger financial institutions. They can become targets for financial crimes like money laundering, fraud, or terrorism financing. These risks are serious and can be costly. Many small banks think that sanctions screening is only for large institutions. But this is far from true. The need […]

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sanctions screening solutions

Why Should Startups and Fintechs Care About Sanctions Screening Early On?

Startups thrive on speed. Fintechs even more so. There’s always pressure to launch quickly, land users, and scale fast. But in the rush to build and grow, it’s easy to overlook the quiet but serious risks that come with handling money—or even just user data connected to financial activity. Compliance often stays in the back […]

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OFAC Sanctions

Tornado Cash Freed from OFAC Sanctions, But Security Concerns Linger

In a surprising turn of events, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) announced its decision to lift long-standing financial sanctions on Tornado Cash, a notorious cryptocurrency mixing service that anonymizes transactions on the Ethereum blockchain. The decision, announced on March 21, 2025, marks a significant shift in the regulatory landscape for privacy-focused […]

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U.S. Sanctions War Escalates Amid Maduro Indictment

Not satisfied with the degree of progress seen with regards to foreign policy initiatives with Venezuela to date, President Trump has opted for a new angle that he hopes will see greater results in

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Iran’s Sanctions Circumvention Points to Larger Issues for U.S. Government

With the United States reinforcing stringent sanctions against Iran during the presidency of Donald Trump, many expected the economy of the embattled country

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Trending: U.S. Sanctions on N. Korea Taken Lightly Abroad

The latest episode in the ongoing saga between the United States and North Korea saw the East Asian country recently become designated

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Trending: Increased RegTech spending and the Weekly Roundup

As financial institutions (FI’s) continue to place a premium on financial security and subsequently a reduction of reputational risk and other repercussions,

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Stopping Human Trafficking with Finance: More Work to Be Done

Human trafficking has grown into one of the most lucrative business ventures for criminals across the globe, one with far-reaching,

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Amid Changing Political Tides, U.S. China Relations Reach Boiling Point

Over the last several years, diplomatic relations between the United States and China have been contentious to say the least.

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