Skip to content

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.)

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.

Filed under: 

Training View All

Penalties View All

Search Top Stories