OFAC | Jotup

Nymbus Launches Personal Onboarding Concierge for Enhanced Account-Opening Experience

Retrieved on:

Tuesday, November 14, 2023

NYMBUS ®, a premier provider of cloud-based financial technology solutions, is proud to announce the launch of its Personal Onboarding Concierge service.

Key Points:

NYMBUS ®, a premier provider of cloud-based financial technology solutions, is proud to announce the launch of its Personal Onboarding Concierge service.
This new offering – which comes on the heels of Nymbus’ partnerships with Scienaptic AI and DataVisor – redefines the onboarding experience for its business banking and Small and Medium Businesses (SMB) customers.
However, that’s just one of many advantages the Personal Onboarding Concierge service can provide to banks and credit unions, said Nymbus CEO Jeffrey Kendall.
By pairing Nymbus Onboard with the Personal Onboarding Concierge service, a comprehensive, streamlined onboarding experience is offered – one that aims to drive new account and revenue growth across multiple platforms and channels.

Statement by Solway Investment Group on the decision by the Inter-American Court of Human Rights on Guatemala indigenous land rights concerning its two nickel mine companies

Retrieved on:

Monday, December 18, 2023

Indigenous peoples, Acquisition, OFAC, Policy, Conduct, UN, Complaint, Mining, Nickel, Human rights, Business, Court, Ambiguity, Rare-earth element, Indigenous, Guatemalan

Solway was not involved with the events alleged in the complaint, which occurred years before Solway's acquisition of the two Guatemalan mining and refining companies.

Key Points:

Solway was not involved with the events alleged in the complaint, which occurred years before Solway's acquisition of the two Guatemalan mining and refining companies.
Solway will assist and cooperate with the Guatemalan Government to achieve justice for the Indigenous peoples whose rights were found by the Court to be injured.
Solway has put in place a grievance mechanism to enable complaints by affected stakeholders concerning human rights or other adverse impacts to be properly considered.
In accordance with that policy and the UN Guiding Principles on Business and Human Rights, Solway affirms its respect for human rights, including the fundamental rights to freedom of association and expression.

Statement by Solway Investment Group on the decision by the Inter-American Court of Human Rights on Guatemala indigenous land rights concerning its two nickel mine companies

Retrieved on:

Monday, December 18, 2023

Indigenous peoples, Acquisition, OFAC, Policy, Conduct, UN, Complaint, Mining, Nickel, Human rights, Business, Court, Ambiguity, Rare-earth element, Indigenous, Guatemalan

Solway was not involved with the events alleged in the complaint, which occurred years before Solway's acquisition of the two Guatemalan mining and refining companies.

Key Points:

Solway was not involved with the events alleged in the complaint, which occurred years before Solway's acquisition of the two Guatemalan mining and refining companies.
Solway will assist and cooperate with the Guatemalan Government to achieve justice for the Indigenous peoples whose rights were found by the Court to be injured.
Solway has put in place a grievance mechanism to enable complaints by affected stakeholders concerning human rights or other adverse impacts to be properly considered.
In accordance with that policy and the UN Guiding Principles on Business and Human Rights, Solway affirms its respect for human rights, including the fundamental rights to freedom of association and expression.

Former OFAC Assistant Director for Regulatory Affairs Elyse B. Martin Joins Morrison Foerster

Retrieved on:

Monday, December 11, 2023

AUSTIN, Texas, Dec. 11, 2023 /PRNewswire-PRWeb/ -- Morrison Foerster, a leading global law firm, is pleased to announce the arrival of Elyse Martin as of counsel in the firm's National Security Group. Martin, who will be based in the firm's Austin, Texas office, brings to the firm more than a decade of combined government and private practice experience in economic sanctions, export controls, and other foreign policy and national security trade and investment controls matters. Prior to her most recent private sector role, Martin served for more than five years at the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC), most recently as OFAC's Assistant Director for Regulatory Affairs.

Key Points:

Prior to her most recent private sector role, Martin served for more than five years at the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC), most recently as OFAC's Assistant Director for Regulatory Affairs.
During her tenure at OFAC, Martin directed the team responsible for OFAC's regulatory actions across all sanctions programs.
Prior to serving as Assistant Director at OFAC, Martin served as a Section Chief in OFAC's Compliance Division and as a Sanctions Regulations Advisor in its Regulatory Affairs Division.
In addition to Smith and Martin, MoFo's sanctions practice includes three other OFAC veterans: former OFAC Assistant Chief Counsel Andrea Delisi, former OFAC Enforcement Section Chief Rachel Fiorill, and former OFAC Sanctions Compliance Officer Charlotte Baskin-Gerwitz.

Greenberg Traurig Recognized in Chambers and Partners 2024 FinTech Guide

Retrieved on:

Friday, December 8, 2023

Lawyer, Research, OFAC, Blockchain, Intellectual property, Blockchain-based database, NFT, Cryptocurrency, Financial services, Fintech

NEW YORK, Dec. 8, 2023 /PRNewswire-PRWeb/ -- Global law firm Greenberg Traurig, LLP was ranked in Chambers and Partners' 2024 Chambers FinTech guide's legal category in Germany, Italy, Japan, Mexico, and the United States.

Key Points:

The annual Chambers FinTech guide identifies leading payments, blockchain, cyber security, and data protection professionals in more than 40 countries, according to the publication.
It features lawyers and other professionals in the FinTech industry globally, based on thousands of in-depth interviews conducted by Chambers' research team.
Chambers FinTech recognizes Greenberg Traurig in:
Germany for its lawyers' work advising "startup and established FinTechs as well as tech businesses, retail and consumer brands, fund managers and other investors in FinTech companies."
The United States for providing "expert advice on issues related to SEC and OFAC compliance, NFT platform launches and blockchain-based SPAC work."

HaystackID® Accelerates Cyber Discovery and Incident Response Program with Cyber Luminary and White House Alumni Shawn Belovich

Retrieved on:

Wednesday, December 6, 2023

OFAC, Senior, Organization, Warner Bros. Discovery EMEA, White, Risk, Incident, Private sector, Partner, Growth, Government, Face, Digital forensics, Risk management, Audit

WASHINGTON, Dec. 6, 2023 /PRNewswire/ -- HaystackID, a specialized eDiscovery services company supporting law firms and corporations globally, announced today the hiring of cybersecurity luminary and former White House Deputy Chief Information Security Officer Shawn Belovich as Senior Vice President of Digital Forensics and Cyber Incident Response. Belovich brings a wealth of technical expertise from the public and private sectors, including directing cyber initiatives in the White House, to advance HaystackID's portfolio of cybersecurity, incident response, and cyber discovery services that help clients prepare for and react to cyber threats.

Key Points:

Belovich brings a wealth of technical expertise from the public and private sectors, including directing cyber initiatives in the White House, to advance HaystackID's portfolio of cybersecurity, incident response, and cyber discovery services that help clients prepare for and react to cyber threats.
Since 2020, HaystackID's Cyber Discovery and Incident Response program has seen accelerated growth based on the escalating cyber threat landscape and surging requirements for robust data breach preparation and response in highly regulated sectors.
Most recently, he served as Partner and Managing Director at an international consulting firm where he spearheaded global cyber incident response strategies.
Additionally, Belovich directed information security, eDiscovery, forensics investigations, and information governance initiatives in the White House, Executive Office of the President.

Kinto Raises $5 Million to Launch First KYC'd Layer 2 Blockchain for Financial Institutions and Decentralized Protocols

Retrieved on:

Wednesday, November 15, 2023

Crypto, Partner (business rank), OFAC, Entrepreneurship, Privacy, Tane, KYC, Skybridge, Environment, Modularity, Cryptocurrency, Kinto, Ethereum

ORLANDO, Fla., Nov. 15, 2023 /PRNewswire/ -- Kinto, the first KYC'ed Layer 2 blockchain capable of supporting both financial institutions and decentralized protocols, announced today it has raised $5 million in two funding rounds to power its future as a secure and compliant network for financial apps on Ethereum.

Key Points:

Of the $5 million, $1.5 million came from a pre-seed round led by Kyber Capital Crypto, a SALT family venture fund.
Finally, Kinto offers developer incentives that make it the perfect place to launch new applications.
"With built-in insurance, KYC, and fraud monitoring, Kinto provides the ideal environment for finance to thrive," said Ramon Recuero, CEO and Co-founder of Kinto.
"Traditional finance users and institutions can finally access the wealth of liquidity available in the Ethereum ecosystem in a fully compliant and vetted environment."

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.

Horizen Labs and Stably Launching ZUSD Stablecoin on the Horizen EON Network

Retrieved on:

Tuesday, November 7, 2023

NEW YORK, NEW YORK | November 06, 2023 11:06 AM Eastern Standard Time

Key Points:

NEW YORK, NEW YORK | November 06, 2023 11:06 AM Eastern Standard Time
In a significant collaboration between two innovators in the blockchain space, Horizen Labs and Stably are excited to introduce the ZEN USD (symbol: ZUSD ) on the Horizen EON network.
The launch marks the inauguration of the first natively-issued US Dollar stablecoin on the EON network, a cutting-edge EVM-compatible sidechain and smart contract platform developed by Horizen.
ZUSD, the outcome of a collaborative effort between Stably and Horizen Labs, is a fully-backed US Dollar stablecoin.
The network's developer-centric approach played a pivotal role in enabling Stably to deploy ZUSD on Horizen EON in just under two months.

Andela Launches An Integrated, End-to-End Platform to Bolster Global Remote Tech Hiring

Retrieved on:

Monday, October 16, 2023

NEW YORK, Oct. 16, 2023 /PRNewswire/ -- Andela, the world's largest private marketplace for technical talent, announced today Andela Talent Cloud, an integrated, end-to-end platform to match global technologists with companies seeking to bolster capacity and skill sets. The Andela platform is an all-in-one, AI-driven solution that provides IT executives with complete transparency of talent profiles and skills assessment results, enabling informed and secure hiring decisions.

Key Points:

"Market leading organizations realize that rewriting their workforce strategies to include global, remote tech talent offers a distinct competitive advantage," said Jeremy Johnson, Andela CEO and Co-Founder.
By combining the world's preeminent private talent marketplace with an AI-driven platform, Andela helps companies scale their teams and deliver projects faster."
Andela Talent Cloud delivers clients greater speed, flexibility, performance, and trust, unlike other approaches to hiring such as in-house recruiting, consulting firms, and outsourcing.
The platform streamlines the complete hiring lifecycle, helping companies source, qualify, hire, manage, and pay global technologists in one integrated platform.