A Clear-Cut Way to Reduce Potential Financial and Criminal Penalties
Tae Young Bae, ACSS Reporter
January 15, 2022
Tae Young Bae, ACSS Reporter
January 15, 2022
David Williams, Editor, ACSS
December 4, 2021
Alejandro Leáñez, ACSS
May 9, 2021
February 3, 2020 By: Anna Sayre, CSS, Director of Content, ACSS The global sanctions landscape is in a constant state of flux. From the U.S.’ stern outlook on Iran to the E.U.’s ever-tightening sanctions on Russia, our current global climate is...
January 25, 2020 By: Natasha Bright, ACSS Reporter The U.S. Office of Foreign Assets Control had a very busy year. The agency handed out a record $1.28 billion in penalties in 26 settlements. The enforcement actions provide insight into what was...
November 4, 2019 By: Thomas Nollner* A commonly held misconception within the sanctions industry is that Office of Foreign Assets Control (OFAC) sanctions programs only apply to financial institutions. Recent large civil liability settlements...
April 23, 2019 By: Scott Nance*, Principal, LC Consulting Recent times have seen an uptick in sanctions enforcement actions, placing an onus on many compliance suites and officers to take head and build a robust sanctions compliance program. In...
February 4, 2019 By: Scott Nance and George Voloshin On December 20, 2018, the Office of Foreign Assets Control (OFAC) published a penalty notice and settlement agreement with Zoltek Companies, Inc., a U.S. producer of carbon fiber. OFAC found...
November 19, 2018 SanctionsAlert.com Sanctions Round Up US Imposes Sanctionson 17 Saudis for Alleged Role in Khashoggi Killing, but Prince Stays Clear On November 15, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC)...