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Results: 1-10 of 2,531

OFAC settlement agreements
  • Eversheds LLP
  • USA
  • September 1 2015

On 27 August 2015, OFAC announced a $1,700,100 settlement with UBS relating to 222 apparent violations of the Global Terrorism Sanctions Regulations


OFAC guidance on circumvention of US sanctions in relation to Crimea
  • Eversheds LLP
  • United Kingdom
  • September 1 2015

OFAC has issued an Advisory on the circumvention of US sanctions against Crimea pursuant to Executive Order 13685 (the "Order"). The Order prohibits


EU political update: 31 August 4 September 2015
  • Clifford Chance LLP
  • European Union
  • August 31 2015

On 14 August 2015, Ministers of Finance of the Eurozone agreed on proposals submitted for their approval by the European Commission on the exact


OFAC continues to pursue sizable settlement amounts for violations of U.S. sanctions
  • Bradley Arant Boult Cummings LLP
  • USA
  • August 31 2015

Swiss banking giant UBS agreed to a $1.7 million settlement with The U.S. Treasury Department, Office of Foreign Assets Control (OFAC) on August 27


UBS agrees to pay US $1.7 million penalty for allegedly conducting business with OFAC banned person
  • Katten Muchin Rosenman LLP
  • USA
  • August 30 2015

UBS AG settled potential charges that from January 2008 to January 2013, it processed 222 transactions related to securities held in custody in the


High Court considers application of sanctions to spouse of designated person
  • Greenberg Traurig LLP
  • United Kingdom
  • August 28 2015

The High Court recently considered an application by a claimant for an interim injunction requiring Barclays to unfreeze certain of her bank accounts


Leading international financial services institution pays $1.7 million to settle sanctions liability
  • BuckleySandler LLP
  • USA
  • August 28 2015

On August 27, Treasury’s OFAC announced a settlement agreement requiring a Switzerland-based financial institution to pay slightly over $1.7 million


Report considers impact of EU Russia sanctions on financial markets
  • Debevoise & Plimpton LLP
  • European Union, Russia
  • August 28 2015

The Financial Markets Law Committee (FMLC), a non-profit organisation that opines on financial markets law, has published a paper entitled Issues of


UBS fined by OFAC for dealing with secret SDN
  • Bryan Cave LLP
  • USA
  • August 27 2015

The Office of Foreign Assets Control ("OFAC") whacked UBS AG, a Swiss bank, with a $1,700,100 penalty today. (That extra $100 is there to prove that


Will China’s currency devaluation complicate the Trans-Pacific Partnership?
  • Foley & Lardner LLP
  • China, USA
  • August 27 2015

As trade ministers from 12 Pacific Rim countries continue to negotiate the Trans-Pacific Partnership (TPP) deal, China’s recent currency devaluation