Erich Ferrari April 2, 2013 OFAC Updates Electronic Document Submission Guidelines Last week the United States Department of Treasury’s Office of Foreign Assets Control (OFAC) released new guidelines for submission of…
Erich Ferrari March 28, 2013 Importance of IMO Numbers Screening Comes to Light in Recent OFAC Enforcement Case Last week, the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced a settlement in the…
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 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 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…
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 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…