To counter Russia's ongoing aggression in Ukraine, on 12 June 2024, the U.S. announced additional sanctions and export controls intended to “continue to drive up costs for the Russian war machine”. Specifically, these...more
In the wake of Russia's invasion of Ukraine in February 2022, a broad and unprecedented range of sanctions were imposed on Russia by various countries and international bodies to target the Russian economy and prevent further...more
9/25/2024
/ Economic Sanctions ,
EU ,
Evasion ,
Executive Orders ,
Exports ,
Financial Institutions ,
National Crime Agency (NCA) ,
Noncompliance ,
Office of Financial Sanctions Implementation (OFSI) ,
Office of Foreign Assets Control (OFAC) ,
Penalties ,
Popular ,
Russia ,
Sanction Violations ,
UK ,
Ukraine
Know Your Customer (KYC) is a fundamental process used by Financial Institutions (FIs) to verify the identities of their customers and assess the associated financial crime risk. Its primary goal is to prevent money...more
11/30/2023
/ Artificial Intelligence ,
Automation Systems ,
Customer Information ,
Data Privacy ,
Data Security ,
Due Diligence ,
Financial Crimes ,
Financial Institutions ,
Fraud ,
Know Your Customers ,
Money Laundering ,
Regulatory Requirements ,
Risk Assessment ,
Robotics ,
Social Media ,
Technology Sector ,
Transaction Monitoring