U.S. President Donald J. Trump has issued an executive order (E.O. 14157) on January 20, 2025 to classify certain international criminal cartels and transnational organizations as Foreign Terrorist Organizations (FTOs) or Specially Designated Global Terrorists (SDGTs)...
Research & insights
Sanctions
Sep 13, 2024 Banking, Regulatory, Sanctions, Technical Compliance
The Office of the Comptroller of the Currency (OCC) has published an AML sanctions consent order for Wells Fargo, highlighting substantial compliance challenges that remain. The comprehensive 28-page order outlines several critical areas requiring attention, including...
Aug 6, 2024 Due Diligence, Payments, Sanctions
In recent years, the financial sector has introduced instant payment systems that allow users to send and receive funds almost instantly, at any time, on any day of the year. These systems, being developed in the United States and abroad, enable real-time transmission...
Aug 6, 2024 Digital Currency, Due Diligence, Sanctions
Virtual currencies are increasingly significant in the global economy, bringing greater exposure to sanctions risks, such as involvement by sanctioned individuals or entities in transactions. The virtual currency industry—including technology companies, exchangers,...