OFAC Issues Instant Payment System Sanctions Guidance
The Office of Foreign Assets Control on Sept. 30 published a sanctions compliance guidance for instant payment systems, outlining various risk factors, compliance solutions and other considerations for financial institutions that use the systems. The guidance also includes a set…
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
of “key compliance features” that should be incorporated into instant payment systems.