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DOJ closes probe into Swedbank with no enforcement action taken
The investigation, initiated in 2019, focused on Swedbank´s historical anti-money-laundering practices.
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Compliance landscape in Venezuela following Nicolás Maduro’s removal from power
Overview of the sanctions regime on Venezuela and key takeaways for businesses.
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Venezuela: Operating without a margin for error
In Venezuela, compliance is not peripheral to recovery. It is one of the few available tools capable of linking policy intent, commercial activity, and societal outcomes.
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Oil markets and Venezuela: A saga of supply, sanctions and security
It will take expertise, commitment and a lot of money to make Venezuela an attractive place to do business in. A determined US president says it will happen.
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OFAC fines equity manager $11.5m over ties to sanctioned Russian oligarch
IPI was penalized for managing $50m for a Russian citizen for four years after he was sanctioned.
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OFAC case shows result of willful disregard, and need for risk-based due diligence
The charged individual continued to deal in the property even after receiving word of its blocked status.
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US Treasury designates Cambodia’s Prince Group a transnational criminal organization
The DOJ’s parallel forfeiture action is the largest ever involving crypto fraud, while FinCEN targeted a sophisticated scam support network.
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A7A5 Russian stablecoin continues to evade sanctions
Despite action taken in August, $6 billion worth of the token is known to have been moved since then.