How to gain more from operational risk management practices.
Modern risk management technology solutions improve efficiency and provide greater visibility into risks. Today’s tools provide real-time visibility, action plans, enhanced reporting and business intelligence, and proactive notifications for operational risk. Real-time data empowers banks and financial services organizations to proactively manage risks and instantly detect and mitigate emerging issues. Click here to learn more.
Russian oil brokerage targeted for support of Maduro regime
The Treasury Department has announced that OFAC has designated Rosneft Trading S.A., the Swiss-incorporated, Russian-controlled oil brokerage firm under the authority of Executive Order (E.O.) 13850, as amended, for operating in the oil sector of the Venezuelan economy. OFAC also designated the chairman of the board of directors and president of Rosneft Trading S.A., Didier Casimiro, for purporting to act for or on behalf of, directly or indirectly, Rosneft Trading S.A.
OFAC also issued a general license authorizing certain transactions and activities that are ordinarily incident and necessary to the wind down of transactions involving Rosneft Trading S.A.
For identification of the designated individual and entity, and information on the general license, see BankersOnline's OFAC Update.