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Paying or Facilitating Payment of Ransomware Demands May Result in Criminal and Civil Penalties From OFAC

Companies that make or facilitate ransomware payments were given a strong reminder of their due-diligence and compliance obligations by the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”). ...more

Bank Secrecy Act and Anti-Money-Laundering Compliance in the COVID-19 Era: How Financial Institutions Can Manage Increased Risk...

The CARES Act pumped over two trillion dollars into the American economy, with much of that money going directly to individuals in the form of stimulus checks or to small businesses in the form of Paycheck Protection Program...more

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