How can a money service business acquire a bank account? There is a wide-spread de-risking currently occurring amongst banks. In this article, we assess the range of phenomena that are occurring around the world, including how relevant regulators have responded…
Is searching OFAC enough?
At the time of writing, the OFAC SDN list contains 5,466 entities. This list proscribes the entities that on a statutory basis, companies and individuals can not deal with. However, it is apparent that regulators and counter-parties alike do not consider this enough….