- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Kyle Brasseur2023-12-11T16:43:00
Nasdaq agreed to pay more than $4 million as part of a settlement with the Treasury Department’s Office of Foreign Assets Control (OFAC) addressing apparent Iran sanctions violations at the stock exchange operator’s former Armenian subsidiary.
Nasdaq OMX Armenia, the former owner and operator of the Armenian Stock Exchange (ASE), was found by OFAC to have committed 151 apparent violations of U.S. sanctions on Iran by allowing the designated Armenian subsidiary of Iran’s state-owned Bank Mellat access to its platform, according to the agency’s enforcement release published Friday.
Nasdaq voluntarily self-disclosed the matter, which OFAC deemed “non-egregious.”
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2024-08-29T21:01:00Z By Aaron Nicodemus
The Commodity Futures Trading Commission fined a Nasdaq subsidiary $22 million over allegedly misleading the public, regulators, and its own compliance staff about the details of a trader incentive program.
2024-05-02T15:06:00Z By Aaron Nicodemus
Tucked deep inside the $95 billion foreign aid bill recently passed by Congress was a provision that will allow the Office of Foreign Assets Control to look back 10 years to investigate potential violations of U.S. sanctions, rather than five years.
2024-03-22T15:57:00Z By Kyle Brasseur
The Bureau of Industry and Security adopted a final rule to extend its export restrictions across more entities and individuals designated under certain sanctions programs maintained by the Office of Foreign Assets Control.
2025-04-18T17:45:00Z By Oscar Gonzalez
The U.S. Consumer Financial Protection Bureau continues to unravel amid pressure from Trump administration officials to shutter the agency. Not only has the agency informed its employees that it will no longer be a watchdog for the financial services industry, it has also laid off employees despite court orders blocking ...
2025-04-15T07:30:00Z By Aaron Nicodemus
The Consumer Financial Protection Bureau dropped yet another consumer protection lawsuit against a bank or fintech provider since Donald Trump was sworn in as president in January. This time, it was with Comerica Bank.
2025-04-11T08:00:00Z By Adrianne Appel
Block Inc., maker of the popular Cash App, has been hit with a $40 million fine by New York for its alleged failure to report suspicious activity. The move marks the latest in a string of recent state and federal enforcement actions against the company.
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