PYMNTS

OFAC Warns Sanctions Risk Can Hide Deep in the Payment Chain

The next sanctions shock for a multinational may not arrive as the name of a supplier appearing on a government blacklist. It could arrive as a payment that suddenly stops working. In a Monday (Oct. 5) alert, the Treasury Department’s Office of Foreign Assets Control (OFAC) warned foreign financial institutions that those continuing to transact […] The post OFAC Warns Sanctions Risk Can Hide Deep in the Payment Chain appeared first on PYMNTS.com.

By PYMNTS

1 min read
OFAC Warns Sanctions Risk Can Hide Deep in the Payment Chain
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