The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) fines Union de Banques Arabes et Françaises (“UBAF”) of $8.6M for alleged sanctions lapses.

OFAC - Office of Foreign Asset Control

Source

Published on Jan. 4th, 2021 Published on Jan. 4th, 2021

Scenario: Conduct / Breach of AML, Terrorism Financing or Sanctions Regulations

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Sept. 20th, 2021

ORX Forum

ELSEWARE/MSTAR will be speaking on climate stress on operational risk at the ORX forum on September 23. In particular, we will be presenting the work we have done on this topic with the American Bankers Association and a group of banks.