OFAC enters into $1.4 million settlement with Payoneer Inc.

The US Treasury’s Office of Foreign Assets Control (OFAC) has announced that Payoneer Inc., a New York-based provider of online money transfer and digital payment services, has agreed to pay $1,400,301.40 to settle potential liability for 2,260 violations of 6 US sanctions regimes. OFAC Notice and Web Notice. Between February 2013 and February 2018, Payoneer processed commercial transactions for parties …

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About Michael O'Kane

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Michael is Senior Partner at Peters & Peters LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters & Peters LLP...

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