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Money Services Business Office of Foreign Assets Control (OFAC) Financial Services Industry

Troutman Pepper Locke

Virtual Currency Regulations: Key Insights for the Payments Industry — Payments Pros – The Payments Law Podcast

Troutman Pepper Locke on

In the latest episode of Payments Pros, hosts Keith Barnett and Carlin McCrory discuss the latest FinCEN and OFAC guidance on virtual currency transactions, specifically tailored for companies in the payments industry. They...more

The Volkov Law Group

MoneyGram Payment Systems Agrees to Pay OFAC $34k for Sanctions Violations

The Volkov Law Group on

MoneyGram settled with OFAC for $34,329 for 359 sanctions programs violations.  MoneyGram is a global payments service. According to OFAC, the 359 transactions totaled $105,627 in value and were processed on behalf of...more

WilmerHale

Agencies Issue Guidance on North Korean Cyber Threat

WilmerHale on

On April 15, 2020, the US Departments of State, the Treasury, and Homeland Security and the Federal Bureau of Investigation issued an unusual joint advisory regarding North Korea’s malign cyber activities. The Advisory offers...more

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