News
printRelated News
As U.S. officials and bankers debate the merits and drawbacks of an expected $10 billion sanctions settlement with BNP Paribas, their French counterparts are offering a more unified response: outrage.
The West's financial ties to Russia have given countries pause in considering further sanctions, a Roman judge dropped a money laundering case against the former head of the Vatican Bank and more, in this week's news roundup.
In announcing sanctions against Russian politicians and one bank Thursday, U.S. officials made clear that American financial institutions should prepare for more, and soon.
The financial clearing subsidiary of Deutsche Börse AG will pay the U.S. Treasury Department's sanctions enforcer $152 million for holding money in New York-based accounts on behalf of Iran's central bank.
The chairman of a Senate committee vowed Thursday to block additional sanctions against Iran in an effort to protect last month's multilateral accord to suspend portions of the country's nuclear program.
Amid all of the political rhetoric and bombast that accompanied television coverage of the 16-day government shutdown last month, one question never seemed to get any airtime: what did it all mean for the financial compliance industry?
The U.S. Treasury Department lifted sanctions from a British resident whose conviction more than 20 years ago on charges of attempting to transport nuclear triggers to Iraq was quashed by an English court.
Despite a legal settlement reversing sanctions against an Ohio-based charity, most banks will view the individuals once associated with the group as too risky to take on as clients, say compliance officers.
A federal appeals court could rule within weeks on whether an exiled Iranian opposition group should be removed from a sanctions list maintained by the U.S. State Department.
U.K. lawmakers plan to quickly pass legislation to reverse a high court decision Wednesday that disallowed the freezing of funds belonging to suspected terrorist financiers under United Nations sanctions.
The establishment of an ombudsman to review when individuals and organizations sanctioned for terror ties can be removed from U.N. blacklists may not translate into fewer designees, say analysts.
A recent court ruling that disallowed the freezing of an Islamic charity's assets could signal a major change in how the United States sanctions suspected terrorist financiers, say former investigators.
Compliance officers at some of the world's largest financial institutions are concluding they need to create sanctions-specific programs to avoid regulatory penalties and tarnished reputations, according to a Deloitte survey released Monday.
Two rulings in the case of an Ohio-based Muslim charity fighting a terrorism designation could tighten the timeframe federal prosecutors have for collecting evidence, say terrorist financing analysts.
U.S. sanctions regulators are planning to fine an Australian bank $20 million for allowing suspicious transactions in branches in New York and American Samoa, according to an Australian news report.
The U.S. Treasury Department blacklisted a record number of individuals and organizations in fiscal year 2008, the same period when it lifted a record number of sanctions, a U.S. official said Thursday.
An EU decision Thursday to strike down a United Nations terror designation will mean more legal challenges by organizations accused of terror ties, say analysts.
When Congress enacted a law last year that increased the potential penalties for violating economic sanctions by five-fold, financial institutions had one question: how would the new penalty powers be used? Sparingly, says OFAC Director Adam Szubin, in the second part of a two-part interview.
OFAC Director Adam Szubin spoke with reporter Matt Squire about the effect of targeted sanctions in the first of a two-part interview.
As sanctions lists have grown exponentially, individuals and groups who have been named have challenged the process with varying degrees of success. For example, removals from lists maintained by the United States are few and far between, experts say.
