Sanctions Screening
Sanctions Screening is checking customers and transactions against sanctions lists and related ownership or control rules.
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Banking
UK OFSI Fines Citibank London £4.73 Million Over 970 Sanctions-Breaching Payments
The UK Office of Financial Sanctions Implementation (OFSI) has imposed a £4,732,830.58 civil monetary penalty on Citibank, N.A., London Branch (CBNA London) for breaches of…
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Compliance Practice
EU Instant Payments Rules Shift Sanctions Screening Toward Daily Customer Checks
The EU’s Instant Payments Regulation is forcing payment service providers to rethink how sanctions controls are built into real-time euro payments, as the regulatory framework…
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