Israel Discount Bank, Dresdner Bank, and Commercial Bank of Kuwait have purchased scanning software from International Financial Systems Ltd, NewYork. The software blocks payments involving entities that are included on the U.S. Department of Treasury' s Office of Foreign Asset Control list. Fines of up to $10,000 can be imposed for voilations.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.