PEPwatch: Cuban Defense Minister Added To OFAC List
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has added a …
Cryptos Still Pose Huge AML Risk, Warn Experts
Cryptocurrencies could yet bolster the fight against money laundering, but unregulated digital currency exchanges and …
Trump Ends Obama-Era Leniency On Cuba Remittances
President Donald Trump’s administration has clamped down on the provision of remittances to Cuba, as …
EU, Canadian Financial Firms In Legal Firing Line Over Cuba Business
A lawyer who slapped a suit on Société Générale over its processing of payments for …
Société Générale Hit With $1.34bn Fine For U.S. Sanctions Violations
Banking giant Société Générale has been handed the U.S.’ second largest-ever fine for “willful violations” …
US and Cuba Sign MoU on Law Enforcement Cooperation
On January 16, 2017, the United States and Cuba signed a memorandum of understanding (MoU) …
Cuba: Launch of Mobile and Online Mobile Transfers
Western Union has launched a mobile and online money transfers service to Cuba via its …
Cuba: The remittances allowed to Cuban nationals have been strikingly increased
As a result of the President’s Obama announcement on December 2014 the limits on generally …
Experts Warn Risk Management Is Needed As Cuban Sanctions Are Relaxed
Financial institutions including payment operators should put risk assessment measures in place and prepare for …