Cuba Archives - Corruption, Crime & Compliance

12 Apr, 2023

Uphold HQ Settles OFAC Violations for $72,230

Uphold is a California-based money service business. Uphold agreed to pay OFAC $72,230 to resolve multiple sanctions program violations. Between March 2017 and Maay 2022, Uphold and its affiliates processed 152 transactions totaling $180,5765 in violation of the Iran, Cuba and Venezuela sanctions programs. The customers involved in the illegal transactions self-identified as being located in Cuba or Iran and for employees of the Venezuela...

Uncategorized

25 Jan, 2016

Webinar: Review of Iran and Cuba Sanctions Programs — Compliance Challenges

Review of Iran and Cuba Sanctions Programs — Compliance Challenges February 16, 2016 12 Noon EST Sign Up Here The US government has implemented major changes to the Iran and Cuba sanctions programs. Recently, the Treasury Department’s Office of Foreign Assets implemented major revisions effective on Implementation Day under the US-Iran Nuclear Agreement. For compliance professionals, the revised restrictions raise serious compliance challenges. In addition...