Financial Crime Financial Crime

Payoneer enters into $1.4 million Office of Foreign Assets Control settlement over US sanctions violations

By Richard Vanderford
  • 23 Jul 2021 17:27
  • 23 Jul 2021 17:27
Payoneer, a publicly traded New York-based money transmitter, has agreed to pay $1.4 million to settle a US Treasury Department action over its apparent violations of sanctions on several countries and individuals.

Payoneer processed about 2,200 transactions involving Iran, Sudan, Syria and Crimea, a disputed region of Ukraine, Treasury's Office of Foreign Assets

To view the latest version of this document and thousands of others like it, sign-in to MLex or register for a free trial.

Discover MLex

Stay on top of global regulatory developments

TAKE A FREE TRIAL

Latest News