Erich Ferrari January 13, 2013 What OFAC’s January 10th Advisory Could Mean This past Thursday, the United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) issued advisory guidance concerning…
Erich Ferrari December 23, 2012 2012: Return of the OFAC Penalties Earlier this year, I wrote that it seemed the days of large penalties and settlements for violations of U.S. economic…
Erich Ferrari December 12, 2012 The Upward Spiral: A Timeline of HSBC’s Iran Sanctions Violations Yesterday, the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC), announced their second massive penalty of…
Erich Ferrari December 11, 2012 Standard Chartered Bank OFAC Violations Scorecard The internet is abuzz with news of the announcement yesterday that Standard Chartered Bank (SCB) has settled their allegations of…
Erich Ferrari June 14, 2012 Round Two: OFAC Enforcement Settles With National Bank of Abu Dhabi For the second time this week, the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) settled…
Erich Ferrari June 12, 2012 OFAC Settles the Big One: ING Bank to Pay $619 Million for Sanctions Violations Today, the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) settled a number of violations of…
Erich Ferrari June 11, 2012 Top 5 Ways OFAC Will Catch an Apparent Sanctions Violation A lot of people are knowingly involved in violations of U.S. economic sanctions administered by the United States Department of…
Erich Ferrari May 14, 2012 Remediating OFAC Violations One of the key general factors in the United States Department of the Treasury’s Office of Foreign Assets Control’s (OFAC)…
Erich Ferrari April 30, 2012 OFAC Voluntary Self-Disclosures: Key Considerations Every matter arising as a result of economic sanctions administered by the United States Department of the Treasury’s Office of…
Erich Ferrari February 22, 2012 OFAC Penalizes Dallas Company for Dealings With Richard Chichakli’s Assets One of the most public OFAC SDN reconsideration cases, that dealing with former Texas resident, Richard Chicakli, has added a…