OFAC Enforcement Trends In 2017: Even as 2017
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Posted On: 01/16/2018 8:36:25 AM
OFAC Enforcement Trends In 2017:
Even as 2017 was a year of constant changes in U.S. sanctions laws, the U.S. Treasury Department’s Office of Foreign Assets Control has remained steadfast in its enforcement of existing measures, especially as they apply to export transactions. OFAC has broadened both the scope of its potential targets and its theories of liability: 2017 saw a marked increase in actions targeting non-U.S. companies, and several of those actions were based upon novel interpretations of OFAC’s regulations and jurisdictional reach.
https://www.law360.com/articles/999729/ofac-e...-on-notice
Even as 2017 was a year of constant changes in U.S. sanctions laws, the U.S. Treasury Department’s Office of Foreign Assets Control has remained steadfast in its enforcement of existing measures, especially as they apply to export transactions. OFAC has broadened both the scope of its potential targets and its theories of liability: 2017 saw a marked increase in actions targeting non-U.S. companies, and several of those actions were based upon novel interpretations of OFAC’s regulations and jurisdictional reach.
https://www.law360.com/articles/999729/ofac-e...-on-notice
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