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March 31, 2023

The Federal Reserve Board and the Treasury Office of Foreign Assets Control fined a banking entity for apparent sanctions violations. The regulators charged that the bank provided software to a European bank engaged in transactions with sanctioned jurisdictions.

October 03, 2020
Commentary by James Treanor

In separate advisories, FinCEN and OFAC warned financial institutions of the growing prevalence of ransomware attacks and the legal risks of making ransomware payments.