Illinois-based daVinci Payments, which manages prepaid reward programs, has agreed to pay $206,213 to settle its potential civil liability for apparent violations of sanctions on Crimea, Iran, Syria, and Cuba, the Office of Foreign Assets Control (“OFAC”) has announced.
“Between November 15, 2017 and July 27, 2022, daVinci enabled reward cards to be redeemed from persons in sanctioned jurisdictions,” OFAC said. “The settlement amount reflects OFAC’s determination that daVinci’s conduct was non-e...
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