daVinci Payments pays US$206,213 over prepayment card redemptions in breach of US sanctions

Illinois, USA-based Swift Prepaid Solutions, Inc, which trades as daVinci Payments, has accepted a US$206,213 penalty for apparent violations of US Office of Foreign Assets Control (OFAC) sanctions against Crimea, Iran, Syria and Cuba between 15 November 2017 and 27 July 2022.

Illinois, USA-based Swift Prepaid Solutions, Inc, which trades as daVinci Payments, has accepted a US$206,213 penalty for apparent violations of US Office of Foreign Assets Control (OFAC) sanctions against Crimea, Iran, Syria and Cuba between 15 November 2017 and 27 July 2022. [1]