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OFAC has opened the registration for its 2015 Fall Symposium to be held September 22 from 8 a.m. to 4 p.m. ET in Washington, D.C. Note that online registration does not automatically confirm attendance. A separate email will be sent containing registration status. Travel arrangements should not be made until a confirmation email is received.

OFAC has announced a $271,815 settlement with Navigators Insurance Company (Navigators), which agreed to settle potential civil liability for 48 apparent violations of the Foreign Assets Control Regulations, North Korea Sanctions Regulations, Iranian Transactions and Sanctions Regulations, Sudanese Sanctions Regulations, and Cuban Assets Control Regulations. Navigators and its London, U.K. branch issued global protection and indemnity insurance policies that provided coverage to North Korean-flagged vessels and covered incidents that occurred in or involved Iran, Sudan, or Cuba.

The NCUA has announced the voluntary liquidation of New Bethel Federal Credit Union, Portsmouth, Virginia. The agency placed the credit union into conservatorship on April 30, 2015. The decision to voluntarily liquidate New Bethel and discontinue its operations was made after determining the credit union was unable to restore viable operations.

ICE has announced the deportation of a fugitive wanted in his home country of Romania for fraud after he served a sentence in federal prison in the United States for financial crimes. He was involved in an ATM skimming scheme that stole more than $2.2 million from unsuspecting ATM users by attaching pinhole-sized cameras designed to blend in with the ATMs to capture PIN numbers.

The OCC has announced the naming of Linda Cunningham as its first Chief Risk Officer (CRO). She will report directly to the Comptroller and lead both the agency's newly created Office of Enterprise Risk Management and the OCC's Enterprise Risk Committee. The Office of Enterprise Risk Management will drive an agency-wide view of risks and evaluate adherence to the agency's risk appetite statement.

The Federal Reserve Board has released the March 31, 2015, report of insured U.S.-chartered commercial banks that have consolidated assets of $300 million or more, ranked by consolidated assets.

Today, August 6, the Federal Reserve will conduct a floating-rate offering of 14-day term deposits with an early withdrawal feature through its Term Deposit Facility (TDF) with a rate set equal to the sum of the interest rate paid on excess reserves (currently 25 basis points) plus a fixed spread of 1 basis point. The maximum tender amount per institution will be $5 billion. The operation window will be open from 10:30 a.m. to 12:30 p.m. ET, and awarded deposits will settle this afternoon.

Treasury has announced the designation as Specially Designated Global Terrorists (SDGTs) of Sa'd bin Sa'd Muhammad Shariyan al-Ka'bi (al-Ka'bi), a Qatari financier of al-Qaida's Syria-based affiliate, al-Nusrah Front (ANF), and a Qatari al-Qaida facilitator, 'Abd al-Latif Bin 'Abdallah Salih Muhammad al-Kawari (al-Kawari). Recently, ANF and al-Qaida have resorted to increasingly complicated schemes in the face of international pressure to maintain funding flows to support terrorist activities. The action advances efforts to target the external funding networks of ANF and al-Qaida. The designated individuals supported violent extremists in Syria, Pakistan, and Sudan. Their names have been added to the SDN List.

OFAC has announced that Production Products, Inc. (PPI) has agreed to pay $78,750 to settle potential civil liability for two alleged violations of the Weapons of Mass Destruction Proliferators Sanctions Regulations (WMDPSR). OFAC determined PPI shipped three duct fabrication machines, valued at $500,000 total, to a Chinese company on the SDN List, without authorization from OFAC. The maximum penalty for the violations was $1 million, and the base penalty amount was $250,000. Various mitigating circumstances reduced the penalty.

The OCC has issued Alert 2015-11 regarding counterfeit cashier's checks using the correct routing number of First Federal Bank, Dickson, TN. A link to additional information concerning the counterfeit cashier's checks will be posted on the BOL Alerts and Counterfeits page.