JD Supra1mon
OFAC Fines U.S. Person $1 Million for Multiple Violations of Sanctions Regime Against Iran
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 ...
exportcompliancedaily3d
US Supplier Fined by OFAC After Shipping to Sanctioned Firms Doing Business With Russia
SkyGeek voluntarily disclosed some of the potential violations, which OFAC called non-egregious. The agency said it could have imposed a maximum civil penalty of more than $2.2 mi ...
Treasury delays deadline for small businesses to file new form to avoid risk of fines for noncompliance
The Treasury delayed a Jan. 1 deadline to file a new "beneficial ownership information" report to Jan. 13 following a recent ...
Business Insider1y
Binance was slapped with a $4.3 billion fine because it let groups like Hamas and ISIS receive funds: Treasury Department
Binance on Tuesday reached a settlement with US regulators — including the justice and treasury departments — to pay $4.3 billion in fines for violating anti-money laundering and sanctions laws.
William & Mary2y
Treasury Department’s Office of Foreign Asset Control (OFAC)
The Treasury Department's Office of Foreign Assets Control (OFAC) administers and enforces economic sanctions imposed by the United States against foreign countries. Depending on the country, OFAC ...