By Maya Lester KC & Michael O’Kane

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 KC

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Maya Lester KC is a senior barrister (King’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human...

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