The Office of Foreign Assets Control (“OFAC”) wrapped up 2017 by issuing a series of high-profile designations generally prohibiting U.S. persons from conducting financial or other transactions with the identified individuals...more
12/27/2017
/ Asset Freeze ,
Bad Actors ,
Corruption ,
Democratic Republic of Congo ,
Economic Sanctions ,
Executive Orders ,
Financial Transactions ,
Government Officials ,
Human Rights ,
Magnitsky Act ,
Mining ,
Money Laundering ,
Office of Foreign Assets Control (OFAC) ,
Oil & Gas ,
Panama Papers ,
Trump Administration
As part of the U.S. Treasury Department's ongoing efforts to prevent bad actors from using U.S. companies to conceal money laundering, tax evasion, and other illicit financial activities, the Financial Crimes Enforcement...more
5/11/2016
/ Bad Actors ,
Bank Holding Company Act ,
Beneficial Owner ,
Covered Financial Institutions ,
Due Diligence ,
Financial Institutions ,
FinCEN ,
IRS ,
Limited Liability Company (LLC) ,
Panama Papers ,
Reporting Requirements ,
Tax Evasion