We use cookies to customise content for your subscription and for analytics. If you continue to browse Lexology, we will assume that you are happy to receive all our cookies. For further information please read our Cookie Policy.
On June 11, 2012, the Department of the Treasury's Office of Foreign Assets Control (OFAC) entered into a $619 million settlement agreement with ING Bank, N.V. (ING) for violating U.S. sanctions concerning Cuba, Iran, Sudan, Burma, and Libya
On April 29, 2011, the President signed an Executive Order blocking the property of five designated persons with respect to human rights abuses in Syria
On November 9, 2009, Treasury’s Office of Foreign Assets Control (OFAC) published the final rule “Economic Sanctions Enforcement Guidelines,” (Final Guidelines) establishing OFAC’s preference for retaining its own administrative flexibility rather than providing greater insight into OFAC’s enforcement deliberation process
