ransomware 23 September 2021

OFAC: ‘Strict liability applies to facilitating ransomware payments’

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Anyone found to have breached US sanctions relating to payment of funds to meet ‘ransomware’ demands ‘may be held civilly liable even if such person did not know or have reason to know that it was engaging in a transaction that was prohibited under sanctions laws and regulations administered by OFAC,’ (if...

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