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Results: 1-10 of 47

Non-US financial institutions dealing with Russian SDNs could face US sanctions
  • Steptoe & Johnson LLP
  • Russia, Ukraine, USA
  • June 22 2015

On June 16, 2015, section 5(b) of the Ukraine Freedom Support Act of 2014 (UFSA) (P.L. No. 113-272), which authorizes the President to impose

PayPal settles OFAC investigation for $7.65 million
  • Steptoe & Johnson LLP
  • USA
  • April 4 2015

PayPal has agreed to pay $7.65 million to settle claims by the Treasury Department's Office of Foreign Asset Control that it processed transactions

Commerzbank $1.45b settlement: OFAC continues scrutinizing foreign banks
  • Steptoe & Johnson LLP
  • USA
  • March 24 2015

On March 12, 2015, Commerzbank AG, the second-largest bank in Germany, agreed to civil and criminal settlements with US federal and New York state

Steptoe cyberlaw podcast interview with Juan Zarate
  • Steptoe & Johnson LLP
  • European Union, France, USA
  • January 15 2015

Our guest commentator for episode 49 of the Steptoe Cyberlaw podcast is Juan Zarate, a senior adviser at the Center for Strategic and International

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
  • USA, Iran
  • 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

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