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Treasury Influence Map
Treasury officials have unique skills in making economic policy and fighting financial crime, with former U.S. Deputy National Security advisor Juan Zarate calling them “guerillas in grey suits.” In the private sector, ex-Treasury officials leverage their unique skill set, deep financial knowledge, and extensive networks to navigate the complex intersection of government policy and business interests. We wanted to answer the question - where do they that - and for who?
Year in Review: How Sanctions Changed in 2023 with 17 charts
2023 was another historic year in sanctions activity after 2022 saw the largest number of targeted sanctions adopted on record. Russia solidified its position as the most sanctioned country globally as a result of its 2022 invasion of Ukraine, but the number of sanctions levied in response to Hamas’ October attack was limited. Meanwhile, countries like Iran, Belarus and Syria faced continued sanctions pressure.
Corporate Transparency Act Compliance: How to Prepare for FinCEN UBO Reporting
Navigate the 2024 Corporate Transparency Act (CTA) with our guide on FinCEN UBO Reporting.
Best Practices: Sanctions Compliance in International Payment Processing
Understanding the nuances of international payment screening is vital for companies involved in cross-border transactions. Our latest post delves into the importance of adhering to AML and KYC standards, the role of transaction screening in preventing financial crimes, and the critical responsibility of entities in maintaining global financial system integrity. Discover the best practices for sanctions compliance and ensure your company is safeguarded against regulatory fines and reputational risks.
UFLPA Compliance: A Guide for Importers and Supply Chain Companies
The Uyghur Forced Labor Prevention Act (UFLPA) entered into force in June 2022 and places significant restrictions on US imports from China. In addition to a blanket ban on products from Xinjiang, importers must comply with the new UFLPA Entity List banning imports from listed entities, regardless of where goods are manufactured.
Sanction Screening 101: Why and How
This in-depth sanction screening guide explores the importance of maintaining organizational compliance with international regulations.
Is Your Watchlist Data Any Good? We have a 5 minute test
We created a 5 minute test you can give to any compliance vendor to see if their data is any good. This this test is based on our experience as compliance technology users and purchasers in government and the private sector, as well as technology builders.
The Mohammad Bias: Watchlisting of Muslim Names
As of February 2023, the world’s most referenced sanctions authorities listed about 18,500 different individuals. Across this global data set, one name appears more than any other: Mohammad. This is despite the deluge of Russia-focused sanctions that began in March of 2022 after Russia’s invasion of Ukraine.
Supply Chain Compliance
Supply chain compliance refers to policies and procedures to ensure that a company’s suppliers and vendors are not subject to sanctions, export controls or other restrictions imposed by national laws. Violations of relevant restrictions can occur at any point in the supply chain, including the sourcing of raw materials, production, transportation or distribution of goods.
Ransomware Response and Sanctions Compliance
This step-by-step guide highlights exactly when sanctions compliance requirements are triggered during a ransomware attack. Ensuring that ransom payments are not directed to sanctioned actors, like REvil, enables incident response firms to avoid sanctions violations and cyber insurance providers to respond to claims.