OFAC Warning Shows CFOs Sanctions Risk Can Hide in the Payment Route
By PYMNTS
Source excerpt · PYMNTS
The next sanctions shock for a multinational may not arrive as the name of a supplier appearing on a government blacklist. It could arrive as a payment that suddenly stops working. In a Monday (Oct. 5) alert, the Treasury Department’s Office of Foreign Assets Control (OFAC) warned foreign financial institutions that those continuing to transact […] The post OFAC Warning Shows CFOs Sanctions Risk C…