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 targets Hizballah officials
The Treasury Department reports that OFAC designated on Tuesday three Hizballah political and security figures leveraging their privileged positions to facilitate Hizballah’s malign agenda and do Iran’s bidding. Specifically, OFAC designated Hizballah Members of Parliament Amin Sherri and Muhammad Hasan Ra’d, and Hizballah security official Wafiq Safa, for acting for or on behalf of Hizballah. These individuals were designated under Executive Order 13224, which targets terrorists and those providing support to terrorists or acts of terrorism.
As a result of Tuesday’s action, all property and interests in property of these targets that are in the United States or in the possession or control of U.S. persons must be blocked and reported to OFAC. For identification details, see BankersOnline's OFAC Update.