Global Investigations Review - The law and practice of international investigations

OFAC signs $824,000 sanctions settlement with coatings company

By James Thomas

28 July 2020

OFAC signs $824,000 sanctions settlement with coatings company Treasury Department, Washington, DC, US (Credit: shutterstock.com/BlackMac)

Whitford Worldwide Company’s voluntary disclosure, new sanctions compliance training programme and hiring of compliance monitors helped to spare it from a far more substantial penalty, OFAC said.