The US Treasury Department’s Office of Foreign Assets Control (“OFAC”) has published a guide to sanctions compliance for payment systems providers.
“Sanctions Compliance Guidance for Instant Payment Systems”is a response to increased pressure on the sector, recognizing that “The expectation in instant payment systems that funds be made available to the payee in real time may pose challenges for members seeking to comply with sanctions regulations and prevent violations.”
The speeds and values of...
Continue reading
SUBSCRIBED FEATURES
- Export Compliance Manager Tackles the issues and challenges that keep trade compliance professionals awake at night... with insight and with solutions.
- Export Compliance Manager Shares the know-how of experienced professionals, keeping its readers on top of developing best practice in trade compliance AND helping to deliver real commercial advantage.
- Export Compliance Manager Celebrates the valuable contribution of trade compliance professionals to their companies, communities and to international security.
