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Ransomware threats and attacks dominated the cyber news cycle in 2020 and into 2021. With the global pandemic and the uptick in remote work and learning, cybercriminals and nation-state hackers have seized on vulnerabilities in data security infrastructures to wreak havoc and to make money in the form of cryptocurrency. Not surprisingly, the need and demand for cyber insurance are simultaneously on the rise, and insurance policies that provide coverage for the payment of ransomware are of increasing interest and demand. But federal and state regulators are simultaneously focused on ransomware and how to combat its crippling effect on business. To that end, regulators have increased their guidance around the payment of ransomware and generally discourage its payment. This creates a conundrum for companies and their carriers what to do when critical infrastructure is locked up, data is inaccessible and business interrupt
Liberia: The Liberian Government Must Get to The Bottom of OFAC Accusations Regarding Sen. Varney Sherman’s Bribery in Judiciary Branch
Liberia: The Liberian Government Must Get to The Bottom of OFAC Accusations Regarding Sen. Varney Sherman’s Bribery in Judiciary Branch
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THE TREND of the three-minute presentation of each Senator at the Senate Sitting of last Thursday, February 4, 2021, in reaction to the Preliminary Report of the Senate Leadership on the Submission of January 11, 2021 and the First Supplementary Submission made by Senator Counsellor Varney Sherman to the Liberian Senate on the OFAC Sanctions against him give reason to the concern that some Senators misinterpret the intention of Senator Sherman’s Submissions to them.
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We write to you as members of Congolese and international civil society organizations.
We would like to share with you our deepest concerns with regards to the decision of the Office of Foreign Assets Control (OFAC), dated January 15, 2021 and made public on January 24, 2021, granting a license to businessman Dan Gertler, who was sanctioned for corruption in the Democratic Republic of Congo (DRC) under the Global Magnitsky Human Rights Accountability Act in December 2017. The license allows him to resume transactions with American entities for a year and unblock his frozen property.
We wish to respectfully request immediate action to reconsider, suspend and reverse this decision. We believe this decision severely undermines US global anti-corruption policies and its foreign policy strategy in the DRC, which notably supports current President Felix Tshisekedi’s anti-corruption policy. Over the past years, the US Embassy in Kinshasa has been instrumental in putting the fight agains
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Speakers at this groundbreaking training event include OFAC Associate Director for Sanctions Policy and Implementation Lisa Palluconi, United States Senate Committee on Banking, Housing, and Urban Affairs, Policy Director Colin McGinnis and Minister for South Asia and the Commonwealth, UK Foreign, Commonwealth Development Office (FCDO) Lord Ahmad
As part of its ongoing effort to help compliance professionals navigate an increasingly complex regulatory landscape, ACAMS will host its
Inaugural Global Sanctions Space Summit beginning on March 2. This two-day, fully virtual event will bring together more than 50 high-level officials and subject-matter experts from around the world to discuss the challenges posed by the evolving scope of economic sanctions lists, including prohibitions on entities facilitating human rights abuses, the proliferation of weapons of mass destruction, terrorist financing and cybercrimes.