The U.S. Department of the Treasury’s Office of Foreign Assets Control has created an online voluntary self-disclosure system to encourage more people to self-report possible sanctions violations.
Sanctions
Posted inTechnology
Congress Is About to Regulate Crypto. Criminals Are Ready.
Congress is moving toward rules for cryptocurrency. That’s overdue. For years, crypto markets have grown faster than the laws meant to ensure they aren’t exploited by criminals.
Posted inFinancial Services
FinCEN flags $9 billion in Iranian shadow-banking activity, citing SARs filings from U.S. banks
Approximately $9 billion of potential shadow-banking flows tied to Iranian networks in 2024, according to a new analysis from FinCEN. The report highlights how illicit funds are making their way through financial institutions as they meet the requirements of the Bank Secrecy Act (BSA).
Posted inEurope
Extra-territorial rules: How to navigate global compliance complexity
Sanctions, tariffs, economic crime, big tech, data privacy, and environmental laws are expanding global compliance risks. Tougher penalties now reach deep into supply chains, making even small suppliers accountable to customers or regulators.
Posted inAccounting & Auditing
U.K. financial regulator looks to streamline audit enforcement procedures
Auditors are supposed to keep businesses honest, but how much regulation is the optimum for the auditors – and how onerous and punitive should the enforcement regime be? A new consultation by the U.K. regulator, the Financial Reporting Council, opened on Oct. 1 and has put the vexed question of audit regulation back in the spotlight.
Posted inEurope
Retailers face new compliance pressures from tariffs, sanctions, fraud and cybercrime
Regulators are pressuring retail compliance teams on supply chains, shifting sanctions and tariffs, sustainability, and digital commerce. Rising cyberattacks heighten data security concerns, while large retailers push legal and commercial requirements down their supply chains.
Posted inEurope
Compliance in the spotlight as tariffs, sanctions turn into geopolitical weapons
Navigating tariffs and sanctions is becoming a core part of compliance for many companies. As the U.S. and others use economic policies for political aims, compliance teams must adapt to this new geoeconomic trend.
Posted inRegulatory Enforcement
Fraud, money laundering, and sanctions prompt global regulators to increase scrutiny of law firms
Legal firms face growing global regulatory pressure, requiring compliance managers to focus on integrated systems, identity verification, and staff training to prevent crime and penalties.
Posted inRisk Management
Risks for corporations doing business in Mexico have skyrocketed under Trump
The Trump administration’s designation of Mexican cartels as terrorist organizations in February has made doing business in Mexico riskier than ever before for corporations.
Posted inSanctions
Sanctions, tariffs, customs and sustainability create global headache for compliance in the $7.9T logistics sector
The global logistics and transport sector is vast and constantly growing – as is the host of regulations that apply to it. Compliance managers must consider everything from planning regulations to employment law and health and safety, to import duties and customs rules, and global sanctions.
