Ransomware Payments can lead to Sanctions and Reporting Obligations for Financial Institutions | The Anticorruption Blog

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.

via Ransomware Payments can lead to Sanctions and Reporting Obligations for Financial Institutions | The Anticorruption Blog.