Are you prepared if OFAC comes knocking at your door? The US Treasury Department appears to be cracking down on companies, private schools, and other entities that unintentionally conduct business ...

On 26 January 2026, the Office of Financial Sanctions Implementation (“OFSI”) provided its clearest guidance yet on the baseline level of due diligence it expects businesses to undertake when ...

Sanctions screening is one of those compliance functions that looks straightforward on paper and reveals its complexity only when something goes wrong. At its core, sanctions screening is the process ...

Sanctions regimes are expanding rapidly as geopolitical risk increases and regulatory scrutiny intensifies. Governments continue to add new restrictions, update designated party lists, and introduce ...

The fines were imposed after the insurers failed to properly update and check their sanctions screening systems.