Truth Technologies Blog Compliance Challenges: OFAC Investigation into Russian Accounts

The evolving financial regulations spurred by globalization pose significant challenges, particularly for organizations involved in international transactions. The recent investigation by the Office of Foreign Assets Control (OFAC) into Russian accounts inherited by UBS from Credit Suisse highlights these complexities. Financial institutions must comply with Anti-Money Laundering (AML), Know Your Customer (KYC), and Countering the […] The post Compliance Challenges: OFAC Investigation into Russian Accounts appeared first on Truth Technologies.