OFAC advisory on sanctions risks associated with ransomware payments

OFAC has issued an advisory on the potential sanctions risks associated with facilitating malware payments in light of an increase in demand for such payments during the Covid-19 pandemic. The advisory clarifies that facilitating ransomware payments on behalf of victims, including financial institutions and insurance firms, may risk violating sanctions regulations, and will encourage future ransomware payments. The advisory recommends …

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About Maya Lester QC

Maya Lester QC

Maya Lester QC is a senior barrister (Queen’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human rights & civil liberties. She has a particular expertise in sanctions. The legal directories say she is the...

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