EFG International AG, a Swiss-based global private banking group with around 40 subsidiaries worldwide, has agreed to pay $3,740,442 to settle potential civil liabilities for violating multiple OFAC-administered sanctions programs. Between 2014 and 2018, EFG facilitated 727 securities transactions worth $29,939,701 for customers in Cuba, 141 transactions totaling $468,615 for an individual blocked under the Kingpin Act, and, in 2023, made five dividend payments totaling $1,200 for U.S.-held securities of a person blocked under OFAC’s Russia sanctions program. The settlement amount acknowledges EFG’s voluntary disclosure of the violations and implementation of significant remedial measures.
To read more, click here.
By FCCT Editorial Team
, an independent military force, and allied militias in Sudan raped several dozen women and girls in West Darfur’s capital, El Geneina, and those fleeing to Chad between late April and late June 2023, Human Rights Watch said today. The assailants appear to have targeted people because of their Massalit ethnicity and, in some cases, because they were known activists.){kind=link}