OUR BLOG

18 Sep 23

SWIFT Payment Screening and OFAC Sanctions

Sending and receiving money internationally can be complicated, especially when sanctions laws come into play. SWIFT, the Society for Worldwide Interbank Financial Telecommunication, operates a network that enables financial institutions to securely send money around… Read More

18 Sep 23

Falsifying Shipping Records to Evade Sanctions

Falsifying Shipping Records to Evade Sanctions International trade is heavily regulated, with strict rules about where goods and materials can be shipped. To enforce trade sanctions and embargoes, accurate shipping records are essential. Falsifying these… Read More

18 Sep 23

Getting Removed from the OFAC SDN List

How to Get Removed from the OFAC SDN List Getting hit with an OFAC sanction is like getting struck by lightning. One minute you’re going about your business, the next—BOOM—your assets are frozen and you’re… Read More

18 Sep 23

Highest OFAC Fines for Sanctions Violations

Largest OFAC Fines: Costliest Sanctions Settlements The Office of Foreign Assets Control (OFAC) imposes heavy fines on companies that violate U.S. sanctions laws and regulations. OFAC penalties for sanctions breaches have reached hundreds of millions… Read More

18 Sep 23

Economic Sanctions Programs

Economic sanctions have become a go-to foreign policy tool for many countries, including the United States. They involve restricting trade and financial transactions with a target country in order to pressure them politically or economically…. Read More

18 Sep 23

Evasion and Concealment

Evasion and Concealment Evasion and Concealment Evasion and concealment refer to efforts made by individuals or organizations to avoid detection of illegal activities. This can involve hiding income, assets, or other information from authorities to… Read More

18 Sep 23

Explaining OFAC Sanction Regulations

Explaining OFAC Sanction Regulations The Office of Foreign Assets Control, or OFAC, administers and enforces economic and trade sanctions against foreign countries, entities, and individuals based on U.S. foreign policy and national security goals. OFAC… Read More

18 Sep 23

Complying with OFAC Financial Sector Sanctions

Complying with OFAC Financial Sector Sanctions The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) administers and enforces economic and trade sanctions against targeted foreign countries, regimes, terrorists, international narcotics traffickers, and… Read More

18 Sep 23

Cryptocurrency and Sanctions

  Cryptocurrency and Sanctions Cryptocurrencies like Bitcoin and Ethereum have exploded in popularity in recent years. However, their decentralized nature also makes them potentially attractive vehicles for evading economic sanctions imposed by the U.S. government…. Read More