Banker's Toolbox Announces — ACQUISITION OF LOAN LOSS RESERVE POWERHOUSE, MAINSTREET TECHNOLOGIES
Banker's Toolbox, Inc., leaders in compliance solutions for financial institutions, announced the acquisition of Georgia-based MainStreet Technologies (MST). MST is an industry leader in the loan risk management space. This acquisition adds to a strong and growing portfolio of compliance-related solutions and will continue to enhance the value Banker's Toolbox brings to both their customers and the industry. (Read full press release here.)
Treasury adds Iran and Proliferation designations
The Department of the Treasury has announced that its Office of Foreign Assets Control (OFAC) designated on Friday fourteen individuals and entities in connection with serious human rights abuses and censorship in Iran, and support to designated Iranian weapons proliferators. The actions were taken pursuant to Executive Order (E.O.) 13553, which targets serious human rights abuses by the Government of Iran; E.O. 13606, which targets grave human rights abuses by the Governments of Iran and Syria via information technology; E.O. 13628, which targets, among other things, censorship or other activities that prohibit, limit, or penalize the exercise of freedom of expression or assembly by citizens of Iran, or that limit access to print or broadcast media; and E.O. 13382, which targets proliferators of weapons of mass destruction and their supporters.
For identification of the individuals and entities designated, see our OFAC Update.