CBZ ‘delights’ in OFAC reprieve

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Financial group CBZ Holdings Limited (CBZ) has been able to “unshackle itself” from the American government’s Office of Foreign Assets Control (OFAC) sanctions and a US$385 million fine through “years of high-level lobbying on multiple fronts”, chairman Marc Holtzman says. The behemoth, which had been slapped with the potentially crippling embargoes for processing international transactions…