Uphold HQ, a California-based money services company, will pay $72,230 to settle charges levied by the Treasury Department’s Office of Foreign Assets Control (OFAC) that it processed sanctioned transactions for persons in Iran and Cuba and government employees in Venezuela.

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Aaron Nicodemus is the Editor-in-Chief of Compliance Week. He previously worked as a reporter for Bloomberg Law and as business editor at the Telegram & Gazette in Worcester, Mass. Email: aaron.nicodemus@complianceweek.com LinkedIn:...