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Results: 1-10 of 15

The US and EU impose further expanded sanctions on Russia; Russia retaliates by sanctioning US officials

  • Steptoe & Johnson LLP
  • -
  • European Union, Russia, Ukraine, USA
  • -
  • March 21 2014

Following close on the heels of two Executive Orders imposing sanctions on Ukrainian and Russian persons in the last two weeks, US President Obama

OFAC targets deceptive financial transactions through civil enforcement and foreign sanctions evader designations

  • Steptoe & Johnson LLP
  • -
  • Iran, USA
  • -
  • March 6 2014

On January 22, 2014, the US Department of Treasury, Office of Foreign Assets Control (OFAC) concluded a regulatory enforcement action against

Another major sanctions settlement by a foreign bank: Royal Bank of Scotland pays $100 million to federal and New York State regulators

  • Steptoe & Johnson LLP
  • -
  • USA
  • -
  • December 19 2013

On December 11, 2013, the Department of the Treasury's Office of Foreign Assets Control (OFAC), the Board of Governors of the Federal Reserve

New York Department of Financial Services settles for $250 million with Asian bank and targets reinsurers for US sanctions law compliance

  • Steptoe & Johnson LLP
  • -
  • USA
  • -
  • July 10 2013

In recent weeks, the New York State Department of Financial Services (NYDFS) has increased its enforcement and compliance activities related to US

UK and Japanese banks settle US sanctions and money laundering violations

  • Steptoe & Johnson LLP
  • -
  • Japan, United Kingdom
  • -
  • December 21 2012

On December 10, 2012, UK Banks HSBC and Standard Chartered Bank (SCB) entered into agreements with US enforcement authorities to settle civil and criminal

EU expands sanctions against certain Iranian industries

  • Steptoe & Johnson LLP
  • -
  • European Union, Iran
  • -
  • October 19 2012

On October 15, 2012, the Council of the European Union adopted Council Decision 2012635CFSP, which strengthens existing EU sanctions against Iran

Standard Chartered Bank settles sanctions allegations with New York regulators

  • Steptoe & Johnson LLP
  • -
  • USA
  • -
  • August 24 2012

On August 14, 2012, Standard Chartered Bank (SCB), a wholly owned subsidiary of Standard Chartered plc, a British Bank, announced that it had reached a $340 million settlement with the New York State Department of Financial Services (NYDFS

NY's 1st stab at Standard Chartered Bank

  • Steptoe & Johnson LLP
  • -
  • USA
  • -
  • August 17 2012

Standard Chartered Bank (SCB), a wholly owned subsidiary of Standard Chartered PLC, a British bank, faces the possible loss of its New York banking license following accusations by the New York State Department of Financial Services (NYDFS) that the bank hid 60,000 transactions involving Iran over the course of almost a decade

Standard Chartered Bank accused of prohibited dealings with Iran

  • Steptoe & Johnson LLP
  • -
  • Iran, USA
  • -
  • August 9 2012

Standard Chartered Bank (SCB), a wholly owned subsidiary of Standard Chartered plc, a British bank, faces the possible loss of its New York banking license following accusations by the New York State Department of Financial Services (NYDFS) that the bank hid 60,000 transactions involving Iran over the course of almost a decade

Department of State announces seven further country waivers on petroleum transactions with Iran

  • Steptoe & Johnson LLP
  • -
  • USA
  • -
  • June 18 2012

On June 11, 2012, President Obama issued a new determination under Section 1245(d)(4) of the National Defense Authorization Act for Fiscal Year 2012 (NDAA) that a “sufficient supply” of petroleum and petroleum products from countries other than Iran continues to exist