Introduction - In 2022, the United States, European Union (EU) and United Kingdom, along with a significant number of other partners and allies, imposed an unprecedented.
OFAC is off to a quick start in 2022. After announcing its Airbnb enforcement action in the beginning of January, OFAC announced a settlement with Sojitz (Hong Kong) Limited, a Hong.
On December 23, 2021, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) and TD Bank, N.A. (TD) reached a settlement to resolve TD’s violations of the North.
The U.S. Treasury Department issued a USD 5.2 million penalty against a Hong Kong-based offshore trading and trade-finance firm after rogue employees had made U.S.-dollar payments to buy Iranian-origin high density polyethylene resin (HDPE) while hiding the conduct from their superiors, according to a settlement announced this week.