PYMNTS

FEBRUARY 12, 2019

Cosmetics reached an agreement with the U.S. ’s importation of those goods via China was found to be in violation of the Treasury’s Office of Foreign Assets Control (OFAC) North Korea Sanctions Regulations. Last month, e.l.f. According to Lexology reports last week, e.l.f. million into the U.S. from those suppliers.

Settlement 43

Settlement Compliance Risk OFAC 43

Trade Credit & Liquidity Management

MAY 27, 2025

The Office of Foreign Assets Control (OFAC) and DOJ Anti-Money Laundering (AML) also provide KYC compliance guidelines of which you should be aware. Routinely reference OFAC country, company, and individual embargo listings. Complete a thorough due diligence: Understand the nature and purpose of the seller/customer relationship.

Due Diligence 52

Due Diligence OFAC Compliance Fincen 52

Finovate

MAY 16, 2024

The partnership will combine Proof’s Defend solution with Socure’s Sigma Fraud suite to help companies fight fraud and forgery in authorizations, agreements, contracts, and forms. Digital identity verification innovator Socure announced a partnership with identity-secured transactions company Proof.

Authorization 59

Authorization Verification OFAC Fincen 59

Finovate

OCTOBER 4, 2024

Backbase’s Engagement Banking Platform, integrated with Middesk, will give financial institutions access to real-time verification data sourced from multiple databases including the offices of all fifty Secretaries of State, the IRS, the USPS, OFAC, and more.

Innovation 64

Innovation AI Payment APIs and Integration Online and Mobile Banking 64

Payment Savvy

FEBRUARY 23, 2023

non-numeric characters) Non-transaction account R20 The account has been prohibited or limited Invalid company identification R21 The company ID has not been accepted (e.g., it is invalid because of a typo) Invalid individual ID number R22 A payment has been submitted incorrectly (e.g., types incorrectly, out of sequence, etc.)

ACH 52

ACH Returns RDFI ODFI 52