OFAC News and Regulations

Written by Visual OFAC on March 6, 2024

$4M OFAC Sanctions Violations Fine Issued Due to Actions by Nasdaq’s Ex-Subsidiary

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OFAC Compliance

Written by Visual OFAC on December 13, 2023

FinCEN / BIS Alert to Financial Institutions on Strengthening U.S. Export Control Vigilance

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OFAC News and Regulations

Written by Visual OFAC on December 5, 2023

OFAC Fines Payment Provider for Inadequate IP Address Geolocation Screening

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International Issues

Written by Visual OFAC on August 9, 2023

Increased Export Control Enforcements Expected as Five Eyes Partners Agree to Formalize Cooperation

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OFAC News and Regulations

Written by Visual OFAC on March 3, 2022

Russia-Ukraine Conflict: New Sanctions Overview

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OFAC News and Regulations

Written by Visual OFAC on January 14, 2022

North American Bank settles with OFAC on two alleged violations

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OFAC News and Regulations

Written by Visual OFAC on September 23, 2020

OFAC Sanctions Multiple Entities For Violating Iran Sanctions

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OFAC Compliance

Written by Visual OFAC on September 16, 2020

OFAC Announces Multiple New Sanctions In Response To Russian Efforts to Interfere in American Elections

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OFAC News and Regulations

Written by Visual OFAC on November 21, 2019

Aviation Company’s Recent Settlement With OFAC Highlights The Need For End Use Verification

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OFAC Compliance

Written by Visual OFAC on November 14, 2019

Five Tips For Organizations Looking To Get Started With OFAC Compliance

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OFAC News and Regulations

Written by Visual OFAC on October 15, 2019

British Bank Settles With OFAC Following Alleged Violations

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Written by Visual OFAC on February 28, 2019

German-based subsidiary of U.S. company fined by OFAC for violating Cuba-related sanctions

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International Issues

Written by Visual OFAC on February 14, 2019

OFAC takes unprecedented action against Foreign Sanctions Evader

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OFAC News and Regulations

Written by Visual OFAC on February 5, 2019

OFAC announces sanctions against Venezuela’s state-owned energy company

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OFAC News and Regulations

Written by Visual OFAC on November 21, 2018

OFAC and Société Générale S.A. Reach Settlement Agreement on U.S. Sanctions Violations

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OFAC News and Regulations

Written by Visual OFAC on October 23, 2018

UAE Bank Fined $40M for Inadequate OFAC Compliance Systems

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OFAC News and Regulations

Written by Visual OFAC on October 16, 2018

JPMorgan Settles with OFAC for $5.26 Million over illicit financial transactions that violated multiple sanctions programs

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International Issues

Written by Visual OFAC on June 13, 2018

Telecom giant Ericsson reach settlement agreement for Sudan export compliance violations

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International Issues

Written by Visual OFAC on May 17, 2018

The U.S. Withdraws from the JCPOA—How Will That Impact Export Sanctions?

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OFAC Compliance

Written by Visual OFAC on April 11, 2018

OFAC Compliance and Cryptocurrencies—the Burden of Responsibility

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International Issues

Written by Visual OFAC on March 13, 2018

OFAC Places International Oil Smugglers on Sanctioned Watch List

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International Issues

Written by Visual OFAC on March 2, 2018

Treasury adds 56 North Korean sanctions busters to OFAC screening watch lists

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OFAC Compliance

Written by Visual OFAC on January 4, 2018

Bitcoin and Cryptocurrency—Implications for OFAC Compliance

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OFAC Compliance

Written by Visual OFAC on August 24, 2017

Recent Case Against AIG Highlights Importance of Continuous OFAC Compliance and Voluntary Self-Disclosure

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International Issues

Written by Visual OFAC on August 17, 2017

OFAC Designates Chinese National and Entities in Recent Crackdown on North Korea

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International Issues

Written by Visual OFAC on July 5, 2017

There and Back Again: A Cuba Trade Compliance Cautionary Tale

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OFAC Compliance

Written by Visual OFAC on January 27, 2017

Voluntary Self-Disclosure Remains Vital to Mitigating OFAC Violation Penalties

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OFAC Compliance

Written by Visual OFAC on August 18, 2016

Airplane re-exports to Iran set for takeoff—but will they take flight?

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International Issues

Written by Visual OFAC on July 14, 2016

The only thing certain about Brexit is its uncertainty

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International Issues

Written by Visual OFAC on June 15, 2016

Good Morning, Vietnam?

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International Issues

Written by Visual OFAC on March 31, 2016

The DPRK is unconcerned to be adrift in the sea of sanctions—but businesses don’t have that same luxury

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OFAC News and Regulations

Written by Visual OFAC on March 16, 2016

Reduced Trade Barriers With Cuba Not All Mambo and Mojitos

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International Issues

Written by Visual OFAC on February 22, 2016

“U.S. Persons” must still abide by OFAC despite lifting of Iran nuclear sanctions

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OFAC Compliance

Written by Visual OFAC on February 24, 2015

Blacklisted: Four Reasons Why Every Exporter Needs OFAC Screening

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International Issues

Written by Visual OFAC on February 18, 2015

Who Can Play Ball? OFAC Regulations and the National Sport

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OFAC Compliance

Written by Visual OFAC on January 21, 2015

Soccer Team Added to OFAC SDN List for Money Laundering

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Controls in Pop Culture

Written by Visual OFAC on December 30, 2014

5 New Year’s Resolutions for Your OFAC Compliance Program

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International Issues

Written by Visual OFAC on December 16, 2014

International News & OFAC Compliance: Stories That Caught Our Attention in 2014

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OFAC Compliance

Written by Visual OFAC on November 5, 2014

Three Easy Steps to Resolve Positive Matches to Your OFAC Screening

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OFAC News and Regulations

Written by Visual OFAC on August 27, 2014

Standard Chartered Fined – Again – For AML Violations, Not Screening Against OFAC Lists

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OFAC Compliance

Written by Visual OFAC on August 21, 2014

Two of the Most Difficult Areas of OFAC Screening Today

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Written by Visual OFAC on August 14, 2014

Three Reasons Companies Continually Re-Screen Against OFAC and Other Government Lists

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Written by Visual OFAC on July 17, 2014

OFAC Knows No Borders

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Written by Visual OFAC on July 2, 2014

OFAC Lenience? Don’t Bank on It

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Written by Visual OFAC on June 18, 2014

How Effective Are Export Sanctions Against Russia?

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Written by Visual OFAC on June 3, 2014

International Hiring: OFAC Screening one of FIVE Compliance steps to find out who’s behind that resume

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Written by Visual OFAC on May 9, 2014

OFAC Coming Down Hard on Travel Companies

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Written by Visual OFAC on April 2, 2014

The Importance of Being Audit-Ready: Proving Your OFAC Compliance

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Written by Visual OFAC on March 26, 2014

Screen SMARTLY: Best Practices for OFAC Screening

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Written by Visual OFAC on March 18, 2014

Compliance Screening Surprise as Malaysian Jet Vanishes

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Written by Visual OFAC on March 5, 2014

The World Waits: The Ukrainian Crisis and Ramifications for OFAC Compliance

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Written by Visual OFAC on February 20, 2014

Educating the Enemy? MOOCs and U.S. Sanctions

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Written by Visual OFAC on February 13, 2014

OFAC’s New Restricted Party List Identifies Foreign Sanctions Evaders

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Written by Visual OFAC on February 5, 2014

Looking a Gift Horse in the Mouth: Dennis Rodman Investigated for Violating U.S. Sanctions

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Written by Visual OFAC on January 27, 2014

Is Your OFAC Compliance Program Out of Control? Top 5 Ways to Know

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Written by Visual OFAC on December 24, 2013

So I’ve Got a Match on an OFAC SDN List…Now What?

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Written by Visual OFAC on December 6, 2013

Here’s What a $252 Million Rap Sheet Looks Like

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