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Trading with the Enemy Act New Guidance

Snell & Wilmer

OFAC Issues Advisory on Ransomware Payments

Snell & Wilmer on

On October 1, 2020, the U.S. Treasury’s Office of Foreign Assets Control (OFAC) issued an advisory regarding the potential sanctions risk for entities that facilitate ransomware payments. OFAC defined “ransomware” as: A form...more

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