Payoneer fined by New York financial regulator for processing transactions in violation of US sanctions
( November 3, 2023, 19:33 GMT | Official Statement) -- MLex Summary: The New York Department of Financial Services fined Payoneer $1.25 million for processing transactions in violation of US sanctions. Though Payoneer had policies and procedures in place that prohibited transactions involving parties in sanctioned locations, its compliance program failed to prevent these transfers, according to a consent order issued by the state financial regulator.See document below....
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