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Entries tagged “Sanctioned Country”

Non-U.S. Companies Fined for OFAC Violations

Insight August 03, 2017
Having historically targeted banks, OFAC shows interest in penalizing banks’ customers that send illegal payments through the U.S. financial system.  OFAC's action is significant because it appears to be the first time the entity penalizes a non-U.S., non-financial company for “causing” sanctions violations by

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