Exception Tracking Spreadsheet (TicklerTrax™)
Downloaded by more than 1,000 bankers. Free Excel spreadsheet to help you track missing and expiring documents for credit and loans, deposits, trusts, and more. Visualize your exception data in interactive charts and graphs. Provided by bank technology vendor, AccuSystems. Download TicklerTrax for free.
OFAC settlement with State Street Bank and Trust
OFAC has announced a $7,452,501 settlement with State Street Bank and Trust Company, a Massachusetts-based financial institution, on behalf of itself and its subsidiary, Charles River Systems, related to 38 apparent violations of OFAC's Ukraine-/Russia-Related sanctions. The apparent violations involved invoices that were redated or reissued by Charles River between 2016 and 2020 for certain customers who were subject to Directive 1 of Executive Order 13662, as well as certain payments outside of the applicable debt tenor accepted by Charles River from these customers.
For additional information, see "State Street settles for $7.5M penalty with OFAC" in BankersOnline's Penalty pages.
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