OFAC Sanctions Fines And How To Avoid Them International sanctions are a vital part of the global fight against money laundering and the financing of terrorism. In the United States, economic sanctions are implemented by the Treasury’s Office of Foreign […]
UK Anti-Corruption Sanctions Bribery and corruption pose a significant threat to financial systems in every part of the world and facilitate a range of criminal activities such as fraud, embezzlement, money laundering and the financing of terrorism. In 2018, UN […]
Sanctions are an important component of the United States’ approach to foreign policy and are employed to help the US government achieve diplomatic objectives and punish violations of international law around the globe. The US sanctions system is complex and […]
In a digital financial landscape firms must be aware of the relevance of cyber crime penalties and the increasing importance of cyber sanctions compliance. Cyber-attacks are not just used by individual criminals to perpetrate financial crimes and may also be […]
After leaving the European Union, the UK announced its new sanctions regime in the Sanctions and Anti Money Laundering Act 2018 (SAMLA). As part of the Sanctions Act, the UK Global Human Rights Sanctions Regime came into effect on 6th […]
Post-Brexit UK Sanctions: What You Need To Know Under the terms of the Brexit Withdrawal Agreement, the EU sanctions regime ceased to apply to the UK at 11pm on 31st December 2020. From that date, the UK’s new sanctions framework […]
By tailoring screening to their risk-based approach and safely whitelisting false alerts at onboarding, Holvi has cut the time they spend remediating false positives in half.
Curve automated their operations and reduced hit rates.
Governments may impose sanctions on countries and individuals in order to punish violations of international law including human rights offences and financial crimes like money laundering and the financing of terrorism. In the shipping industry, international maritime sanctions are a […]
Customer Screening: Maximizing Effectiveness and Efficiency A Balancing Act If companies aren’t strategic in their approach to customer screening and monitoring, they risk being overwhelmed with alerts. Those companies face high operational costs, a nearly-impossible-to-clear backlog of alerts, longer remediation […]
The UN Security Council Sanctions Committee on North Korea first convened in 2006, prompted by North Korea’s claim in October of that year that it had successfully conducted a nuclear test. The resolution establishing the committee — resolution 1718 — […]
In order to pursue the United States’ foreign policy objectives, the US Treasury has imposed regulations and sanctions on North Korea in some form since 1950. The sanctions have the broad goal of pressuring North Korea to denuclearize but have […]
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