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How to add predictive analytics into your risk program. Risk reports are often limited to historical insights and issues and do not provide guidance and insights into the future of the organization. Adding predictive analytics can allow your organization to detect emerging risks and create mitigation plans. This can be achieved by combining internal and external key risk indicators (KRIs) and key performance indicators (KPIs) with regulatory intelligence. This ensures that risk reports can detect more issues and highlight areas of concern. Click here to learn more.

Three OFAC CACR settlement agreements

OFAC has announced three settlement agreements with travel-related businesses, each to settle potential civil liability for apparent violations of the Cuban Assets Control Regulations (CACR) for providing unauthorized Cuba-related travel services:

  • Expedia Group, Inc., headquartered in Bellevue, Washington, on behalf of itself and its subsidiaries and affiliates worldwide, has agreed to pay $325,406
  • Hotelbeds USA, Inc. (incorporated in Florida, a U.S. subsidiary of Hotelbeds Group, headquartered in Mallorca, Spain), has agreed to pay $222,705
  • An Individual, as well as Cubasphere, on whose behalf the Individual also acted, have agreed to pay $40,320
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