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Responding to Financial Crime Risks during COVID-19

United Kingdom, USA - June 1 2020 Over the past few months, numerous organizations and agencies—including the intergovernmental Financial Action Task Force, UK Financial Conduct…

Amira Shaat, Collis Abrahams, Sam Song, Sassi Riar.

Sanctions Considerations for Companies and NGOs Exporting Supplies to Iran

Iran, USA - May 21 2020 In an earlier post, here, we scrutinized the form and content of the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC)’s March…

Kevin P. McCart.

OFAC Responds to COVID-19 in Iran

Iran, USA - May 18 2020 On March 6, 2020 and in response to an outbreak of coronavirus in Iran, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC)…

Sassi Riar.

IBK Settlements with US Authorities Regarding BSA/AML Violations

USA - May 14 2020 On April 20, 2020, the Industrial Bank of Korea (IBK) and its New York branch (IBKNY) (collectively, “the Bank”) entered into a Deferred Prosecution…

Benjamin D. Wood, David M. Maria, Kevin P. McCart, Lily Geyer.

Industrial Bank of Korea Settlements With the US Department of Justice and New York State Authorities Regarding BSA/AML Violations US - May 12, 2020

USA - May 12 2020 On April 20, 2020, the Industrial Bank of Korea (IBK) and its New York branch (IBKNY) (collectively, the Bank) entered into a Deferred Prosecution…

Benjamin D. Wood, Kevin P. McCart.