In one of the more notable enforcement actions of 2024, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) recently imposed a $1,104,408 civil penalty on a U.S ...

The Treasury delayed a Jan. 1 deadline to file a new "beneficial ownership information" report to Jan. 13 following a recent ...

The person allegedly made six payments worth $45,179 on behalf of a sanctioned person, OFAC said, adding that they knew at the time the person was subject to sanctions. Three of t ...

U.S. sanctions laws present complex conflicts with state insurance laws. While state laws govern the timely payment of claims and other ...

Dubai, recognized as a prominent global trade hub, has earned its reputation as a bridge connecting international markets.

A California musical instrument manufacturer will pay $41,591 to settle allegations that it violated U.S. sanctions against Iran, including by shipping instruments and accessories that it knew were ...