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  • Payoneer to pay US Treasury $1.4 million fine over sanctions violations
25 Jul

Payoneer to pay US Treasury $1.4 million fine over sanctions violations

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Fintech startup founded by Israeli entrepreneurs processed payments for parties in sanctioned Iran, Sudan and Syria; Payoneer says it has taken 'immediate action' to remedy flaws

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Category: 
Startup Israel
Israeli startups
Israeli high tech
FinTech
payments technology
Payoneer
U.S. Treasury Department
Office of Foreign Assets Control (OFAC)
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