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Both the Office of Foreign Assets Control (OFAC) and the Financial Crimes Enforcement Network (FinCEN) of the U.S. Department of Treasury have issued advisories recently regarding regulatory considerations financial institutions should take into account when processing ransom payments. These advisories are especially noteworthy as we enter the new year. We saw a substantial increase in ransomware attacks during the COVID-19 pandemic and anticipate that they will continue in 2021. These attacks are also becoming more layered and sophisticated with cybercriminals gaining access to computer networks for extended periods of time.
MÄRKTE ASIEN/Nikkei erneut auf 30-Jahre-Hoch - Hongkong schwächer finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
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Kharon And Accuity Partner To Advance Sanctions-Related Risk Screening
LOS ANGELES and LONDON, Jan. 6, 2021 /PRNewswire/ Kharon, the research and data analytics company focused on security threats and other controversies that impact global commerce and finance, and Accuity, the leading global provider of financial crime screening, payment services and Know Your Customer (KYC) solutions, today announced a partnership that aims to allow organizations to better manage sanctions-related risk in their customer and transaction screening operations.
With this partnership, Kharon sanctions-related risk data can now be used with the
Firco suite of financial crime screening solutions from Accuity. Firco users can leverage Kharon data to add greater depth to sanctions-related risk coverage, including majority-owned subsidiaries of sanctioned actors (Kharon 50 Plus), minority-owned subsidiaries of sanctioned actors, entities controlled or led by sanctioned actors, and other risk typologies