News

Midweek Roundup: OFAC Blacklists Hamas Financiers, Child Labor Surge Challenges US Banks, and More

The U.S. Office of Foreign Assets Control blacklisted a network of Hamas-linked "financial facilitators" and businesses in Africa and the Middle East after the terrorist organization killed hundreds of civilians in a surprise attack on Israel and took at least 199 hostages into Gaza. More Surging migration and falling state-level oversight is driving minors into hazardous, legally restricted jobs in the United States, where, according to analysts, most financial institutions lack controls to identify and act against the parties who employ them, ACAMS moneylaundering.com reported. More Volumes of suspicious transaction reports filed on suspected violations of sanctions in Europe have...

TO READ THE FULL STORY