How OFAC Licensing Works and Who Needs It
OFAC licenses are categorized into two types: general and specific licenses. General licenses authorize a broad range of ...
Regtechtimes on MSN7mon
State Street Bank Settles $7.45 Million Penalty Over OFAC Sanctions Violations
According to OFAC, Charles River reissued or redated invoices ... This includes revising their transaction monitoring systems ...
JD Supra14d
Haas Automation Agrees to Pay More Than $2.5 Million to Settle Sanctions and EAR Violations
OFAC emphasized the hiring of additional compliance personnel, strengthening of compliance policies, purchase of a new denied party screening tool, implementation of additional training ...
William & Mary3y
Treasury Department’s Office of Foreign Asset Control (OFAC)
The Treasury Department's Office of Foreign Assets Control (OFAC) administers and enforces economic sanctions imposed by the United States against foreign countries. Depending on the country, OFAC ...