Office of Foreign Assets Control

ICE Launches Service to Help Identify and Monitor Entities and Securities Subject to Financial and Economic Sanctions Programs

Retrieved on: 
Tuesday, November 7, 2023
Professional Services, Finance, Office of Foreign Assets Control, NYSE, United Nations, Intercontinental Exchange, Common Foreign and Security Policy, United Nations Security Council Resolution 1526, Security policy, United, OFAC, CFSP, UNSC, ICE, European, United Nations Security Council, Automation, Cryptocurrency

This new service leverages ICE’s extensive data offering, cross-referencing and linkage capabilities to identify securities, entities and groups targeted by sanctions programs.

Key Points: 
  • This new service leverages ICE’s extensive data offering, cross-referencing and linkage capabilities to identify securities, entities and groups targeted by sanctions programs.
  • Sanctions can target governments, companies or individuals and, for most sanction programs, consist of asset freezes, economic and financial measures and embargoes.
  • “Understanding and monitoring sanctions programs can be a complex, time-consuming process,” said Mark Heckert, Chief Product Officer at ICE Fixed Income and Data Services.
  • It provides the linkages between entities within a group and the securities issued by those entities, which can help facilitate increased automation of compliance program processes.

Dow Jones Risk & Compliance Completes ISAE 3000 Assurance for Ninth Consecutive Year

Retrieved on: 
Wednesday, October 11, 2023
Language, Assurance, Internal audit, PwC, Intelligence, Dow Jones & Company, Dow Jones, ISAE, Type, Dow, Growth, Research, International Auditing and Assurance Standards Board, Office of Foreign Assets Control, Social, Biophysical environment, Child, Type 2, Audit, Renewable energy, Cryptocurrency, Baltic states, EU

The audit provides third-party validation that the quality procedures and controls for Dow Jones’s sanctions data are suitably designed and operating effectively.

Key Points: 
  • The audit provides third-party validation that the quality procedures and controls for Dow Jones’s sanctions data are suitably designed and operating effectively.
  • This is the ninth independent review of Dow Jones’s sanctions data, and the fifth consecutive year that Dow Jones has undertaken a Type II reasonable assurance report.
  • Beyond direct sanctions – Dow Jones analysis highlights a shift in sanctions compliance moving beyond those directly sanctioned to those owned or controlled by sanctioned subjects.
  • The Dow Jones 2023 Data Quality Report and Sanctions Assurance ISAE 3000 (Revised) report are available to customers upon request.

Compliance at Your Fingertips: One-Click Sanctions Compliance

Retrieved on: 
Wednesday, October 11, 2023
Multimedia, OFAC, Internet, Intelligence, Organization, Risk, Communication, DNS, Specially Designated Global Terrorist, Office of Foreign Assets Control, Department of the Treasury, Office of Intelligence and Analysis (Treasury Department), Practice of law, Cryptocurrency, Audit, Online shopping

SEATTLE, Oct. 11, 2023 /PRNewswire/ -- Many businesses are worried about the risks posed by global sanctions and anti-money laundering regulations. ThreatSTOP has partnered with FiveBy Solutions, a leading risk intelligence and fraud consultancy, to offer an automated, customizable compliance enforcement solution supporting the US Office of Foreign Assets Control (OFAC) rules. This solution is easily integrated into existing network devices - including DNS servers, firewalls, routers, and endpoints. With One-Click Sanctions Compliance, organizations will gain access to automated OFAC sanctions compliance using a network enforcement solution, providing a checkpoint against transacting with sanctioned entities and their subsidiaries.

Key Points: 
  • With One-Click Sanctions Compliance , organizations will gain access to automated OFAC sanctions compliance using a network enforcement solution, providing a checkpoint against transacting with sanctioned entities and their subsidiaries.
  • To overcome these obstacles, compliance officers and businesses must adapt by identifying sanctioned entities and subsidiaries, and strictly enforcing all compliance requirements.
  • Staying ahead of evolving sanctions and skillfully navigating compliance is critical to protect firm integrity and reputation.
  • One-Click Sanctions Compliance provides data-backed evidence of your commitment to compliance, blocking and logging communication attempts to prevent violations.

Melissa’s Data Tools Power ‘Know Your Business’ Strategies for Compliance and Accurate Risk Profiles

Retrieved on: 
Wednesday, September 20, 2023
Insurance, CTF, PEP, KYB, Narcotic, Bank statement, Person, Terrorism, Specially Designated Global Terrorist, Office of Foreign Assets Control, AML, Address, Specially Designated Nationals and Blocked Persons List, Risk, Washington Convention Center, Walter, OFAC, Terror, Government, News, KYC, Cryptocurrency

Complementing Know Your Customer (KYC) operations designed to identify individuals and their associated levels of risk, KYB strategies enable financial institutions to assess legitimacy and credibility of business customers in real time.

Key Points: 
  • Complementing Know Your Customer (KYC) operations designed to identify individuals and their associated levels of risk, KYB strategies enable financial institutions to assess legitimacy and credibility of business customers in real time.
  • Melissa will feature its KYB tools and services at Identity Week America 2023 , October 3-4, at the Walter E. Washington Convention Center in Washington, D.C., booth #247.
  • Melissa’s scalable KYB tools access trusted global data streams, such as credit bureaus, government agencies, and utility records, pairing data with recognized business registries or global regulators.
  • The company’s optimized KYB platform also streamlines access to data on global sanctions and politically exposed persons (PEP).

The Institute for Voices of Liberty and Code Siren, LLC to Provide Free Secure Communications to the Freedom-Seeking People of Iran

Retrieved on: 
Tuesday, September 12, 2023
Communication, Press Freedom Index, Google Play, Internet, Office of the Supervising Architect for the U.S. Treasury, Office of Foreign Assets Control, Polynome (mythology), Ivol Curtis, Android, Reporters Without Borders, IOS, Government, Treasury, VPN, Android Pie, Cryptix General License, Police, Islamic republic, Microsoft Store, Voices, Software, Drug

BEVERLY HILLS, Calif., Sept. 12, 2023 /PRNewswire/ -- The Institute for Voices of Liberty ("iVOL") and Code Siren, LLC ("Code Siren") today announced a joint initiative to provide free, secure collaboration software to the freedom-seeking people of Iran.

Key Points: 
  • BEVERLY HILLS, Calif., Sept. 12, 2023 /PRNewswire/ -- The Institute for Voices of Liberty ("iVOL") and Code Siren, LLC ("Code Siren") today announced a joint initiative to provide free, secure collaboration software to the freedom-seeking people of Iran.
  • In 2023, Reporters Without Borders ranked Iran 177th out of 180 countries in its World Press Freedom Index.
  • "We are proud to partner with iVOL to provide free and secure communications to the freedom-seeking people of Iran," said Eric Anderson, CEO of Code Siren.
  • "We believe every human being deserves the right to free and open communication free of repressive internet censorship," said Mr. Anderson.

VEON confirms unhindered trading of its shares, offers support to its investors

Retrieved on: 
Wednesday, September 6, 2023
Letter, Office of Foreign Assets Control, Attention, Sale, State, Cryptix General License, OFAC, Euronext Amsterdam, VEON, Growth, United States Department of the Treasury, Cryptocurrency, EU

Amsterdam, 6 September 2023 – VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services (“the Company”), announces that it has issued a CEO Letter to current and potential investors, confirming the unhindered trading of its shares and offering the Company’s support to investors if they experience arbitrary obstacles to trading.

Key Points: 
  • Amsterdam, 6 September 2023 – VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services (“the Company”), announces that it has issued a CEO Letter to current and potential investors, confirming the unhindered trading of its shares and offering the Company’s support to investors if they experience arbitrary obstacles to trading.
  • We have noted that the trading volumes of our shares are unusually low, and have received reports suggesting that certain brokers are arbitrarily declining orders to purchase VEON shares.
  • Allow me to reiterate once more that VEON is a global company, headquartered in Amsterdam, and listed on NASDAQ and Euronext Amsterdam stock exchanges.
  • We have no majority or ultimate controlling shareholder, and, as a publicly traded company, we have a diverse investor base including US, EU and UK investors.

Sayari Approaches Top of Inc. 5000 List for Fastest Growing Technology Companies

Retrieved on: 
Tuesday, August 22, 2023
Supply Chain Management, Data Management, Retail, Technology, Logistics, Transport, Software, Software as a service, BIS, U.S. Department of Defense Strategy for Operating in Cyberspace, CBP, Culture, Office of Foreign Assets Control, U.S. Customs and Border Protection, Risk, Security, Map, OFAC, Growth, UFLPA, Legislation, Medical device, Cryptocurrency, Ahmad al-Sayari, European

Sayari, a counterparty & supply chain risk platform, has been ranked 1349 on the Inc. 5000 list — increasing more than 500 places since its 2022 ranking .

Key Points: 
  • Sayari, a counterparty & supply chain risk platform, has been ranked 1349 on the Inc. 5000 list — increasing more than 500 places since its 2022 ranking .
  • Inc.’s prestigious list represents the fastest-growing and most successful private companies in the U.S. and is a key indicator of enterprise market adoption and technology maturity.
  • “We are thrilled and honored to be recognized by Inc. as one of the fastest-growing technology companies in the U.S.,” said Farley Mesko, CEO and co-founder.
  • “Sayari prides itself on fostering an inclusive culture, prioritizing our customers’ mission needs, and hiring world-class talent dedicated to protecting global commerce.

Runway Growth Finance Corp. Reports Second Quarter 2023 Financial Results

Retrieved on: 
Tuesday, August 8, 2023
Lead, Office of Foreign Assets Control, Fidelis Cybersecurity, Runway, Audit committee, Sale, Commerce Bank & Trust Company, Investment, Webcast, National Association, Credit, U.S. Bancorp, Cryptocurrency, Security (finance), Custodian, Acting

MENLO PARK, Calif., Aug. 08, 2023 (GLOBE NEWSWIRE) -- Runway Growth Finance Corp. (Nasdaq: RWAY) (“Runway Growth” or the “Company”), a leading provider of flexible capital solutions to late- and growth-stage companies seeking an alternative to raising equity, today announced its financial results for the second quarter ended June 30, 2023.

Key Points: 
  • Total net assets at the end of the second quarter of 2023 was $573.9 million, down 0.95% from $579.4 million in the prior year period.
  • The Company ended the quarter with a core leverage ratio of approximately 97%, compared to 104% for the quarter ended March 31, 2023.
  • On August 1, 2023, the Company’s board of directors declared a regular quarterly distribution of $0.40 per share for the third quarter of 2023, payable on August 31, 2023, to stockholders of record as of August 15, 2023.
  • Runway Growth will hold a conference call to discuss its second quarter ended June 30, 2023 financial results at 2:00 p.m. PT (5:00 p.m.

CBC Summit announces Avichal Garg of Electric Capital as Keynote Speaker

Retrieved on: 
Tuesday, August 8, 2023
Polish notation, NCUA, Avich Falls, Pulley, Ledger, Airtable, Office of Foreign Assets Control, Bitwise operation, Color Genomics, NEAR, United States Department of the Treasury, Government, Treasury, National Credit Union Administration, CBC, Electricity, OFAC, Mastercard, Entrepreneurship, Stripe, Coinbase, Summit, Cryptocurrency, Dietary supplement, Kraken, Cruise

WASHINGTON, Aug. 8, 2023 /PRNewswire/ -- "Co-Founder of Electric Capital, one of the largest crypto venture firms globally, to kick off CBC Summit 2023 as Keynote Speaker."

Key Points: 
  • WASHINGTON, Aug. 8, 2023 /PRNewswire/ -- "Co-Founder of Electric Capital, one of the largest crypto venture firms globally, to kick off CBC Summit 2023 as Keynote Speaker."
  • CBC Summit, an executive-level event featuring 100+ industry leaders and regulators focused on crypto banking & compliance, announces Avichal Garg as the opening keynote speaker for their inaugural DC-based event.
  • Mr. Garg is a successful entrepreneur with executive experience at Google and Facebook, which acquired his previous company.
  • Mr. Garg co-founded Electric Capital in 2018 and has grown it to one of the largest crypto venture firms globally.

Gold Reserve Announces U.S. Delaware Court Issues Order Related to the PDVH Holding Sale Process

Retrieved on: 
Friday, July 28, 2023
Mining, Minerals, Natural Resources, Sale, PDVSA, TSX Venture Exchange, Judgement, Creditor, Delaware Court of Chancery, Gold reserve, Disclosure, Office of Foreign Assets Control, Delaware Court, Risk, EDGAR, United States Court of Appeals for the Third Circuit, Person, Electric Bond and Share Company v. Securities and Exchange Commission, Petroleum, District court, Sales process engineering, Gold, Nationalization, OFAC, SEDAR, Security (finance), Douglas v. U.S. District Court ex rel Talk America, Bankruptcy

Gold Reserve Inc. (TSX.V:GRZ) (OTCQX:GDRZF) (Gold Reserve or the Company) announces that on July 27, 2023 the U.S. District Court for the District of Delaware (the Delaware Court ) issued a decision on certain issues concerning the PDVH sale process, including determining the process by which creditors of the Bolivarian Republic of Venezuela and Petroleos de Venezuela, S.A. (PDVSA) (collectively, the Creditors) can be named “Additional Judgment Creditors” and thereby participate in the previously announced sale process (the Sale Process) for the shares of PDV Holding, Inc. (PDVH), the indirect parent company of CITGO Petroleum Corp.

Key Points: 
  • Gold Reserve Inc. (TSX.V:GRZ) (OTCQX:GDRZF) (Gold Reserve or the Company) announces that on July 27, 2023 the U.S. District Court for the District of Delaware (the Delaware Court ) issued a decision on certain issues concerning the PDVH sale process, including determining the process by which creditors of the Bolivarian Republic of Venezuela and Petroleos de Venezuela, S.A. (PDVSA) (collectively, the Creditors) can be named “Additional Judgment Creditors” and thereby participate in the previously announced sale process (the Sale Process) for the shares of PDV Holding, Inc. (PDVH), the indirect parent company of CITGO Petroleum Corp.
  • The Delaware Court held that for a Creditor to be an Additional Judgment Creditor, it must obtain a conditional or unconditional writ of attachment from the Delaware Court.
  • As previously disclosed, the Company obtained a conditional writ of attachment from the Delaware Court by order dated March 30, 2023.
  • These judgments, according to the Delaware Court’s present order, represent an aggregate principal amount of U.S. $4.684 billion, exclusive of interest.