It Really Does Pay To Voluntarily Disclose Sanction Violations Export Controls Trade Investment Sanctions United States

Washington, D.C. (September 28, 2023) – On September 21, 2023, the Treasury Department announced that its Office of Foreign Assets Control (“OFAC”) had reached a settlement with Emigrant Bank (“Emigrant”), a commercial bank located in New York, related to 30 apparent violations of the Iranian Transactions and Sanctions Regulations (“ITSR”)…Read More