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.
OFAC targets Cuban supporter of Maduro regime
On Wednesday, the Department of the Treasury announced OFAC had designated Cubametales, the Cuban state-run oil import and export company, for its continued importation of oil from Venezuela. Cuba, in exchange for this oil, continues to provide support, including defense, intelligence, and security assistance, to the illegitimate regime of former President Nicolas Maduro.
OFAC also delisted PB Tankers S.p.A. and its vessels. PB Tankers ended its charter agreement with Cubametales and took other steps to increase scrutiny of its business operations to prevent future sanctionable activity.
For identity information on Cubametales and on the listings removed by OFAC, see BankersOnline's OFAC Update.