New OFAC Sanctions Rules Target Cyber-Attacks
The Treasury Department has implemented new rules that execute an executive order issued in April by President Barack Obama authorizing sanctions against countries and foreign nationals involved in cyber-attacks against U.S. citizens, companies, or government agencies. The rules formalize a strategy used to increase sanctions against North Korea in response ...
Related articles
-
PremiumCompliance 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.
-
ArticleFraud, 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.
-
ArticleOFAC cracks down on Iran’s oil trade with new sanctions sweep
More than 50 people and 50 ships connected to a top Iranian official were added to the U.S. Treasury’s sanctions list on Wednesday, according to the Office of Foreign Assets Control.