Fintech Review

APRIL 10, 2025

“By combining Branta’s real-time payment verification with Amboss’ cutting-edge AML and OFAC compliance tools, we’re empowering enterprises to transact with confidence, security, and transparency seamlessly setting a new standard for professional operations in the industry.

Bitcoin 52

Bitcoin Transactions OFAC Verification 52

PYMNTS

FEBRUARY 22, 2019

The office recently examined the branches for BSA/AML and Office of Foreign Assets Control (OFAC) sanctions compliance. The consent order doesn’t specifically identify any illegal transactions or OFAC violations, and it doesn’t come with any monetary penalty. On Wednesday (Feb.

OCC 43

OCC AML Office of the Comptroller of the Currency BSA 43

Fi911

NOVEMBER 7, 2023

Implementation and adherence to sanctions, as dictated by the Office of Foreign Assets Control (OFAC). To thwart these tactics, AML strategies are deployed, which include: Proactively flagging suspicious transactions, especially those that breach preset regulatory limits or involve entities on OFAC’s sanction lists.

AML 52

AML Compliance Money Laundering OFAC 52

FICO

MARCH 6, 2020

The convergence of fraud and regulatory compliance operations, which includes AML and know-your-customer, or KYC, regulations, is currently seen as one of the biggest trends in the financial crime industry by many experts. For most of the public lists (EU, OFAC, UN, HMT, etc.)

Financial Crimes 81

Financial Crimes Crime Compliance Technology 81

Seon

SEPTEMBER 23, 2024

List Checking : Comparing information against core sanctions lists, such as the Office of Foreign Assets Control (OFAC) Consolidated List, OFAC’s Specially Designated Nationals (SDN) List, the European Union’s Consolidated List of Sanctions, the United Nations Security Council’s Consolidated List, and other local regulatory watchlists.

Suspicious Activity Report (SAR) 52

Suspicious Activity Report (SAR) Money Laundering Due Diligence AML 52

Seon

SEPTEMBER 14, 2023

Other regions sanctioned by OFAC include: Balkans Belarus Burma Central African Republic Ethiopia Iraq Lebanon Venezuela Yemen Zimbabwe Organizations may have their own list of high-risk countries. However, the rules set by the Office of Foreign Assets Control (based in the US) tend to be followed by most countries around the world.

Risk 52

Risk Money Laundering Suspicious Activity Report (SAR) AML 52

FICO

DECEMBER 23, 2020

Now compliance professionals will also need to concern themselves with mitigating ransomware sanctions risks (i.e., whether a payment constitutes a potential violation of sanctions (OFAC) laws) and self-report.”.

Financial Crimes 52

Financial Crimes Ransomware Crime AI 52