Certainly, with the recent pandemic has affected every part of the supply chain, in all market segments. The majority of companies worldwide are continually being challenged in their operational, financial and organizational resilience across their supply chain network. Looking back, the pandemic has highlighted risks and resiliency gaps for many organizations. Recent industry surveys are … Read more
The Financial Crimes Enforcement Network (FinCEN) and the U.S. Department of Commerce’s Bureau of Industry and Security (BIS)1 are issuing a joint alert2 urging financial institutions3 to be vigilant against efforts by individuals or entities to evade BIS export controls implemented in connection with the Russian Federation’s (Russia) further invasion of Ukraine. This joint alert … Read more
The Treasury Department continues to investigate sanctions violations by crypto exchange companies in whether their crypto exchange allows users in sanctioned countries to buy and sell digital tokens. For example, The Treasury Department’s Office of Foreign Assets Control has been investigating Kraken since 2019 as reported by NY Times. It appears that Kraken would be … Read more
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