NYSDFS issues penalty against Payoneer for Russia sanctions violations

3 November 2023

NYSDFS issues penalty against Payoneer for Russia sanctions violationsMotionEmo/Shutterstock

On 2 November 2023, the New York State Department of Financial Services (NYSDFS) imposed a penalty of $1.25 million against Payoneer Inc, a New York-based provider of online money transfer and digital payment services....

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Maya Lester KC is a senior barrister (King’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human rights & civil liberties. She has a particular expertise in sanctions...

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