Topic: Sanctions

Under-staffed and overwhelmed, OFAC grapples with delays

The US sanctions agency is facing criticism from private sector lawyers about its slow response to licensing and enforcement matters.

07 January 2022

Miller & Chevalier takes Smith Pachter partner

In announcing the hire, Miller & Chevalier’s international department chair cited Daniel Solomon’s “deep insight into China's legal and business environments”.

04 January 2022

Airbnb settles with OFAC over Cuba sanctions violations

OFAC said the online travel services company rushed into opening operations in Cuba without a sufficiently tailored compliance programme.

03 January 2022

TD Bank compliance failures lead to US sanctions settlement

OFAC said the case “highlights the need for proper coordination of compliance efforts and actions across various departments and business units within a financial institution”.

03 January 2022

EU court rules on law blocking US sanctions compliance

The ruling provides a few more clues to companies about how to cut ties with Iranian entities without getting successfully sued, and suggests that the EU blocking statute doesn't block much when it comes to US sanctions.

21 December 2021

Danish court convicts fuel company of Syria sanctions violations

A former US Treasury Department official described the ruling as “monumental”.

14 December 2021

New US sanctions chief takes control

Brian Nelson, the Treasury Department’s new under secretary of terrorism and financial intelligence, is the first person to fill the position on a permanent basis in almost two years.

03 December 2021

Brother of ex-Bosnian Serb leader sues US over sanctions

The brother of Bosnian Serb leader Radovan Karadžić, who is serving a life sentence for genocide, has launched a legal campaign in the US to remove sanctions that he says have caused him “severe harm”.

24 November 2021

Former national security prosecutor joins DLA Piper

Christian Ford moves to DLA Piper after serving as a senior DOJ official.

22 November 2021

Danish regulator finds flaws in Danske Bank’s compliance systems

Denmark’s financial regulator has said that Danske Bank has inadequate sanctions screening and monitoring processes.

17 November 2021

Get unlimited access to all Global Investigations Review content