Office of Foreign Assets Control

OFAC Sanctions Parties Involved in Compromise of 81,000 Firewalls
OFAC Sanctions Parties Involved in Compromise of 81,000 Firewalls
December 10, 2024  |  Cybersecurity

The Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned a China-based cybersecurity company and one of its employees, saying they played...

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US Agencies Warn Financial Institutions About Mexico-Based Timeshare Fraud Schemes
US Agencies Warn Financial Institutions About Mexico-Based Timeshare Fraud Schemes
July 16, 2024  |  Security & Fraud

Federal agencies are warning financial institutions about timeshare fraud schemes associated with Mexico-based transnational criminal organizations. The Financial Crimes Enforcement Network (FinCEN), jointly with the...

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Report: Morgan Stanley Facing Probes of Anti-Money Laundering Practices
Report: Morgan Stanley Facing Probes of Anti-Money Laundering Practices
April 11, 2024  |  Security & Fraud

Morgan Stanley is reportedly facing investigations by several agencies into how its wealth management division vets and monitors clients who may pose money-laundering risks. The Securities and...

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Bad News for Fraudsters as US Boosts Crypto-Crime Toolkit
Bad News for Fraudsters as US Boosts Crypto-Crime Toolkit
January 30, 2023  |  Regulation

The U.S. Treasury Department is flexing its cryptocurrency enforcement muscles as industry attention grows. The turbulent crypto sector has historically suffered from the perception that...

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Bitcoin Daily: US Sanctions Enforcer Reviewing Coinbase Transactions; Argo Blockchain CEO Now Paid In Bitcoin
Bitcoin Daily: US Sanctions Enforcer Reviewing Coinbase Transactions; Argo Blockchain CEO Now Paid In Bitcoin
March 03, 2021  |  Bitcoin

The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) is reviewing certain transactions made over Coinbase to investigate whether people in countries or territories...

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Tipalti Takes Down Fraudsters With New Detect Module
Tipalti Takes Down Fraudsters With New Detect Module
October 11, 2017  |  Startup Check-In

Tipalti has caught a few bad guys lately — 7,400 of them, to be exact. The San Mateo startup recently announced the addition of a new...

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