Erich Ferrari February 21, 2012 What Triggers an OFAC Investigation? Often times when clients are gauging whether or not to report an apparent violation of a U.S. economic sanction program…
Erich Ferrari February 18, 2012 Teledyne Technologies Settles OFAC Violations Two weeks ago, the United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) announced that a settlement…
Erich Ferrari February 15, 2012 2nd Annual OFAC International Trade Symposium Wrap Up Yesterday, the United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) held it’s second annual international trade…
Erich Ferrari February 4, 2012 What You Should Know About OFAC Subpoenas The number of administrative subpoenas being issued by the United States Department of the Treasury’s Office of Foreign Assets Control…
Erich Ferrari January 12, 2012 OFAC Penalties Significantly Decreased in 2011 Sometime last year, I wrote a blog posting pontificating about a reduction in OFAC civil penalties and that the era…
Erich Ferrari December 5, 2011 What the New Iran Sanctions Could Look Like There has been a lot of talk over the past week about a new amendment to pending legislation that will…
Erich Ferrari November 10, 2011 New OFAC Civil Penalties Announced Yesterday, the United States Department of the Treasury Office of Foreign Assets Control (OFAC) announced the settlement of two matters…
Erich Ferrari October 30, 2011 Penalty Assessed for Violation of Iranian Transactions Regulations A South Florida company has been penalized for exporting U.S. origin goods to Iran in violation of the Iranian Transactions…
Erich Ferrari July 13, 2011 OFAC Enforcement in 2011: Is the Big Penalty Era Over? Although I always hesitate to make predictions, it is my belief that we are in a period of relaxed penalization…
Erich Ferrari May 19, 2011 OFAC Enforcement and Investigations Webinar Tomorrow! I will be presenting a webinar on OFAC Enforcement and Investigations tomorrow for the Anti-Money Laundering Association. The following topics…