Swedbank settles $3.4M U.S. sanctions violation. Controversy over Latvia subsidiary, Crimean transactions, and regulatory scrutiny.
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Although the United States, the UN, and other countries imposed sanctions to prevent the civil war in Ethiopia, the war continues with all its anger.
The Office of the Comptroller of the Currency (OCC) is a federal government agency regulating national banks and federal savings institutions in the United States.
The USA adopted the Securities Law SEC in 1933 when depression was the most intense after the stock market crash of 1929.
OFAC has great importance in the AML compliance processes of obliged individuals and organizations in the USA.
The United States is one of the first countries to combat money laundering with strict regulations and efforts of agencies.