Sanctions Enforcer OFAC Shows Compliance Gets Mercy
By Alison Noon ( May 31, 2019, 7:40 PM EDT) -- After warning banks about the pitfalls of disjointed sanctions compliance programs, the U.S. Treasury Department's Office of Foreign Assets Control said it declined to fine a banking unit of State Street Corp. that violated Iranian sanctions but self-reported and quickly streamlined similar red flags under one review process. Attorneys say the case shows compliance is having a moment at the agency that enforces U.S. sanctions....
Law360 is on it, so you are, too.
A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.
A Law360 subscription includes features such as
- Daily newsletters
- Expert analysis
- Mobile app
- Advanced search
- Judge information
- Real-time alerts
- 450K+ searchable archived articles
And more!
Experience Law360 today with a free 7-day trial.