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  • Navigating the Perils of Ra...
    Morse, Edward A.; Ramsey, Ian

    The Business Lawyer, 12/2016, Letnik: 72, Številka: 1
    Journal Article, Trade Publication Article

    According to McAfee, " generally, there is no need to enable macros to view the contents of a document. Economic sanctions are rooted in laws that implement political policies by regulating private commercial actors in order to support foreign policy and national security goals.18 OFAC maintains a searchable database of designated parties and relevant sanction restrictions.19 Thus, payments made to designated parties or countries covered by sanctions are clearly illegal, potentially resulting in civil or criminal penalties not only for those making the payments, but also for those facilitating them.20 Although banks are accustomed to consulting the OFAC database when making payment abroad to a designated payee, a firm making a bitcoin payment via e-mail will likely not have the name or location of the designated payee. ...the sanctions regime is unlikely to affect a ransom payment, except in cases when the criminal self-identifies in a manner triggering the sanctions regime.