Treasury Department Archives

Modevity Contracts with Engineered Products Manufacturer for Vendor Risk Management Compliance Program Support

January 12, 2024 by Thomas Canova

West Chester, PA January 12, 2024, Modevity, LLC, a leading Commercial Intelligence company established in 2004 specializing in Investigative Due Diligence Research and Vendor Risk Management (VRM) Services, announced today that the company signed a contract to support DMC Global a US based Engineered Products Manufacturer for Third-Party Vendor Risk Management Support. In this highly … Read more

Russian Financial Sanctions Evasion Continues

June 16, 2023September 13, 2022 by Thomas Canova

No doubt, Western Sanctions are beginning to take hold on the Russian Economy. With the Russian Ruble having become one of the world’s most undesirable currencies, Kremlin-connected financiers and oligarchs now have critical overexposure to Western capital markets and financial systems. With key Russian financial institutions, such as Sberbank and VTB, facing extensive Western sanctions, … Read more

The Continued Use Cryptocurrency Exchanges and Tools to Lessen the Strength of U.S. Sanctions

August 10, 2022August 1, 2022 by Thomas Canova

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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