Morgan Finkelstein’s Post

In a significant effort to counteract illegal financing, the U.S. Treasury has imposed sanctions on 18 entities associated with Sa'id al-Jamal and his operations that back the Iranian-supported Houthis. This crucial step not only dismantles dangerous financial networks but also reinforces our dedication to global security. Discover the full story in this important update: https://okt.to/MwYRtU. #GlobalSecurity #Sanctions

📣 Treasury / OFAC Sanctions Six Senior Hamas Leaders and Financiers On November 19, 2024, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated six senior Hamas leaders and financiers under Executive Order 13224 for supporting the group's terrorist activities. ✅  The designations include figures facilitating weapons smuggling, financial operations, and propaganda, such as Abd al-Rahman Ghanimat, Musa Akari, and Basem Naim. This marks the ninth sanctions tranche against Hamas since October 2023, reinforcing the U.S.'s commitment to disrupting its operations. 🚫 The designations block assets under U.S. jurisdiction, prohibit transactions with these individuals, and expose violators to penalties, further tightening restrictions on Hamas and its supporters. Original source 👉: https://lnkd.in/ghXBF2xq #USsanctions #sanctionsupdate #OFAC #Hamassanctions #EO13224 #TerrorismFinancing

💡 𝘼 𝙆𝙚𝙮 𝙏𝙤𝙤𝙡 𝙩𝙤 𝙁𝙞𝙜𝙝𝙩 𝙏𝙚𝙧𝙧𝙤𝙧𝙞𝙨𝙩𝙨 𝙖𝙣𝙙 𝘾𝙧𝙞𝙢𝙞𝙣𝙖𝙡𝙨 💡 Shell companies are often tools for money laundering, sanctions evasion, and financing illicit activities like terrorism and drug trafficking. The #CorporateTransparencyAct aims to address these threats by requiring basic disclosure about company ownership — an effort that supports law enforcement and national security. Let’s prioritize safety over secrecy. #Transparency #NationalSecurity #FinancialCrime #Policy

#FinCEN #CFT #Iran_proxies #BSA_compliance The U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) on Wednesday issued an advisory to help financial institutions detect potentially illicit transactions related to Iran-backed terrorist organizations. The advisory includes nine red flag indicators that supplement red flags previously outlined in FinCEN's 2018 Iran advisory and its 2023 Hamas alert. https://lnkd.in/gExKnSMj

The global sanctions landscape has shifted dramatically since Russia's invasion of Ukraine, with a surge in sanctions list additions. As enforcement agencies ramp up their efforts, financial institutions face increasing pressure to strengthen their List Management (LM) programs. Recent high-profile penalties highlight the risks of failing to stay ahead. Written by my FTI Consulting colleagues Bruno Gomes and Ellen Hewitt, this article dives into the critical pitfalls financial institutions must avoid to protect their reputation and stay compliant—click to learn more: https://lnkd.in/gSWbUetm #SanctionsCompliance #RiskManagement

Navigating The Complexities Of Sanctions: Delisting And OFAC Licensing by HERDEM Attorneys at Law Sanctions are a powerful tool in international relations, used to influence behavior and enforce policies without resorting to military action. However, the dynamics of politics and global economics are ever-changing, and there may come a time when individuals or entities need to be removed, or “delisted,” from sanction lists. #sanctions #OFAC #international #relations https://lnkd.in/d4x9PDYm

"Regulatory overload and government intrusion are real problems. But so are fentanyl traffickers, terrorist financiers and foreign adversaries. There are thousands of other ways to cut red tape without undermining national security." The Hudson Institute's Nate Sibley makes the case for preserving the landmark Corporate Transparency Act crystal clear: - Compliance is easy and free - Information collected under the law can only be accessed by law enforcement and financial institutions - The benefits of revealing the real owners behind anonymous companies used by drug smugglers, human traffickers, and other criminals are huge. Read the full LTE here: https://lnkd.in/empfmAYx

The global sanctions landscape has shifted dramatically since Russia's invasion of Ukraine, with a surge in sanctions list additions. As enforcement agencies ramp up their efforts, financial institutions face increasing pressure to strengthen their List Management (LM) programs. Recent high-profile penalties highlight the risks of failing to stay ahead. Written by my FTI Consulting colleagues Bruno Gomes and Ellen Hewitt, this article dives into the critical pitfalls financial institutions must avoid to protect their reputation and stay compliant—click to learn more: https://lnkd.in/g_J_vUj4 #SanctionsCompliance #RiskManagement

The global sanctions landscape has shifted dramatically since Russia's invasion of Ukraine, with a surge in sanctions list additions. As enforcement agencies ramp up their efforts, financial institutions face increasing pressure to strengthen their List Management (LM) programs. Recent high-profile penalties highlight the risks of failing to stay ahead. Written by my FTI Consulting colleagues Bruno Gomes and Ellen Hewitt, this article dives into the critical pitfalls financial institutions must avoid to protect their reputation and stay compliant—click to learn more: https://lnkd.in/dmxcnweF #SanctionsCompliance #RiskManagement

My new Issue Brief for the Policy Center, co-authored with Director of Policy Dr. Debra Shushan, is available now: "Executive Order Imposing Sanctions on Persons Undermining West Bank Peace, Security, and Stability" On February 1, 2024, President Biden issued Executive Order (EO) 14115 declaring a “national emergency” to address the urgent situation in the occupied #WestBank and provide for the imposition of sanctions on persons undermining peace, security, and stability there. Issue Brief No. 22 explains what the EO does and to whom it may be applied, looks at how it has been applied thus far and the reactions to it, and provides recommendations to the Biden Administration on how to further utilize the EO. Read it here: https://lnkd.in/e4z8rHFh