Tag Archives: ransomware

Ransomware Payments can lead to Sanctions and Reporting Obligations for Financial Institutions

By Kevin McCart on Posted in Bank Secrecy Act, Cyberattack, Cybersecurity, Data Protection & Privacy, Economic sanctions, FinCEN, OFAC, Ransomware, Sanctions
With cybercrime on the rise, two U.S. Treasury Department components, the Office of Foreign Assets Control (“OFAC”) and the Financial Crimes Enforcement Network (“FinCEN”), issued advisories on one of the most insidious forms of cyberattack – ransomware.… Continue Reading
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