OFAC
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New Executive Order threatens sanctions against non-US persons doing business with Cuba
Non-US financial institutions are likely to evaluate Cuba-related customers or counterparties more strictly in light of the new secondary sanctions authority.
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US regulators recraft AML rules to promote risk-based assessments
FinCEN also seeks to oversee more of the AML/CFT supervision process by requiring US banking regulators to consult with it before undertaking certain supervisory or enforcement actions.
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TradeStation Securities to pay OFAC $1.1m for apparent sanctions breaches
The settlement amount took into account the significant remedial measures TradeStation implemented after discovering the apparent violations, OFAC said.
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FinCEN tells firms to revisit jurisdictional risk, FATF adds countries to monitoring list
While urging vigilance, FinCEN cautioned that firms should avoid “wholesale or indiscriminate de-risking.”
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GRIP Extra: Anthropic clashes with Pentagon, OCC proposes GENIUS Act implementation rules
Our in-brief roundup of notable stories from the last week.
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Crypto wrap: Iran-linked exchanges sanctioned, 12 EU states miss critical deadline, Lords stablecoin inquiry
Our pick of the week’s crypto stories.
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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.