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Sanctions
Thursday, March 9, 2017   (0 Comments - view/add)
Chinese telecom faces $1.2 billion sanctions penalty for trading banned tech to Iran, North Korea »
By Brian Monroe bmonroe@acfcs.org March 9, 2017 The largest publicly-traded...
Thursday, March 2, 2017   (0 Comments - view/add)
Venezuela: Sanctions Imposed Amidst Worsening Conditions »
By Jason Shechter, Risk Management Advisor, SightSpan Inc. info@Sightspan.com  March 2, 2...
Thursday, September 22, 2016   (0 Comments - view/add)
Resource Round-Up: Five open sources to help with sanctions screening »
     By Brian Monroe bmonroe@acfcs.or g September 22, 2016 As...
Wednesday, August 17, 2016   (0 Comments - view/add)
In their own words: Experts tackle the financial crime, terror risks in Iran as sanctions recede »
  By Brian Monroe bmonroe@acfcs.org August 17, 2016 More than half a year has passed since the U...
Friday, January 15, 2016
Financial Opportunities, Compliance Risks Duel in New Correspondent Connections to Cuba »
With key US sanctions against Cuba slated to end Friday, financial institutions across the board will be presented with ne...
Thursday, November 12, 2015   (0 Comments - view/add)
US takes fight to bank hackers, Germany found to be not terribly transparent, »
In this week’s Financial Crime Wave, the US takes the fight to bank hackers at the heart of a massive fraud scheme, German...
Thursday, October 29, 2015
OFAC uses finding of violation against bank to issue guidance on updating ‘false hit lists' »
The arm of the US government responsible for managing the nation’s sanctions regimes has issued a rare, non-monetary “find...
Thursday, October 29, 2015
OFAC uses finding of violation against bank to issue guidance on managing, updating ‘false hit lists »
The arm of the US government responsible for managing the nation’s sanctions regimes has issued a rare, non-monetary “find...
Thursday, October 22, 2015
Credit Agricole will pay nearly $800 million to settle institutionalized sanctions violations »
French banking giant Credit Agricole will pay federal and state authorities nearly $800 million to settle charges it knowi...
Thursday, September 3, 2015
Disconnect between sanctions screening software and securities transactions »
The sanctions arm of the US Treasury penalized Swiss bank UBS $1.7 million for what it called “apparent violations” of san...
Thursday, July 16, 2015
To limit Iran’s nuclear program, US, foreign banks, companies better ‘read the fine print’ »
In the wake of the historic deal between Iran and six nations lead by the United States to limit Tehran’s nuclear capabili...
Thursday, April 16, 2015
In Iran nuclear deal, compliance challenges rise when ‘secondary sanctions’ on banks fall »
The deal between the United States and Iran to reduce its nuclear enrichment, facilities and thwart alleged proliferation...
Thursday, April 9, 2015
Sanctions compliance attorney deciphers new OFAC SDN model »
Answers by Attorney Kian Meshkat, J.D. of Ferrari & Associates, P.C. The US Treasury Department’s Office of Foreig...
Thursday, April 2, 2015
Sanctions screening and compliance checks failed, PayPal admits in $7.7 million settlement with OFAC »
The US Treasury’s Office of Foreign Assets Control (OFAC) announced a settlement last week with PayPal in which the compan...
Thursday, March 5, 2015
FATF urging nations to improve designation, forfeiture powers to cripple ISIS »
A global financial crime watchdog group is urging members and regional sister groups to bolster anti-terror laws in a bid...
Wednesday, July 30, 2014
Escalating Russia sanctions test limits of ‘financial warfare,’ says attorney Jim Slear »
As fighting continues to rage in eastern Ukraine, a different kind of battle is playing out in the global financial sector...
Wednesday, April 2, 2014
Sanctions on Russian officials, oligarchs create intricate web of risks for institutions »
It is still uncertain if US and European Union sanctions on Russian officials and financial institutions will affect Vladi...
Wednesday, February 19, 2014
Shift in Iran sanctions creates compliance risks for US institutions, companies »
Over the past 35 years, the US and other nations have built an elaborate wall of financial and trade sanctions around Iran...
Tuesday, May 21, 2013
Think sanctions compliance is easy? Start learning and tackling the sanctions laws of 26 US states »
With record penalties and aggressive enforcement, the US government has very publicly sought to choke off funding to Iran,...
Monday, October 22, 2012   (0 Comments - view/add)
Navigating the Impact of US and EU Sanctions on the Financial Sector and Growing Compliance Risks »
Presented by James Slear , Partner, Thompson Coburn New sanctions regimes in the US and the European Union have creat...
Tuesday, September 25, 2012
StanChart finalizes $340 million penalty accord with New York Department of Financial Services »
When Benjamin Lawsky, Superintendent of the New York Department of Financial Services, chose to pursue a state enforcement...
Monday, August 20, 2012
Standard Chartered pays $340 million, as Sen. Levin praises Lawksy, laments lack of federal ‘backbon »
The aggressive pursuit of Standard Chartered by the New York Department of Financial Services for violations arising from...
Tuesday, August 14, 2012
In clash marking rise of tough regulator, Standard Chartered case casts mold for sanctions »
Since unveiling accusations last week of serious violations by Standard Chartered Bank of state and federal laws, Benjamin...
Monday, August 6, 2012
New York accuses Standard Chartered of ‘contempt’ for US rules in decade-long illegal transfers to I »
On August 6, New York’s top bank regulator issued a blunt 27-page report accusing the global British institution, Standard...
Tuesday, June 26, 2012
Record $619 million OFAC penalty on ING continues high-stakes, big-fish US sanctions trend »
The $619 million penalty ING paid as part of a June 12 agreement for violating the sanctions regulations of the Office of...

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