Day: July 26, 2021

dollar on computer

Payoneer Hit with $1.4 Million Fine for OFAC Violations

On By Danny Flynn

Payoneer has agreed to pay a fine of $1.4 million to settle numerous violations of multiple sanctions programs. The Office of Foreign Assets Control announced late last week that the publicly traded online payments company was responsible for 2,260 apparent violations of the office’s sanctions program. OFAC is a Treasury Read More

FirstEnergy to Pay $230 Million for Role in Bribery Scheme

On By Danny Flynn

Ohio-based public utility holding company FirstEnergy will pay a $230 million fine for its connection to a bribery scheme to entice lawmakers to pass a $1 billion bailout for two of its nuclear power plants. The U.S. Justice Dept. charged the company with conspiring to commit honest services wire fraud, Read More