Try our Advanced Search for more refined results

Expert Analysis

Inside Clearstream's OFAC Settlement Agreement

Law360, New York ( February 4, 2014, 12:33 PM EST) -- Clearstream Banking SA has agreed to pay $152 million to resolve claims it violated U.S. sanctions against Iran by exporting custody and related services from the United States to the Central Bank of Iran. This latest settlement not only highlights the sanctions risks faced by firms in the financial sector, but also the need for a robust compliance program, the benefit of timely and complete voluntary self-disclosures (which generally cut a potential Office of Foreign Assets Control penalty in half) and the extraterritorial reach of the U.S. sanctions programs....

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.

Start Free Trial

Already a subscriber? Click here to login

Related Sections

Law Firms

Companies

Government Agencies

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!