OFAC penalises Texas video production company over Iran sales

OFAC said that NewTek erroneously believed that it could sell its products to Iran provided they weren’t shipped directly to the country.

GIR sanctions roundtable transcript: Part I

The conversation focuses on US/UK priorities in the sanctions landscape; how the jurisdictions approach sanctions and licensing; and private sector views on tensions between commercial and compliance risks.

US sanctions enforcer dings Romanian bank and US private equity company

OFAC said that the issue stemmed from First Bank’s erroneous belief that US sanctions don’t apply to companies operating outside the country.

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