OFAC Expects Major Enforcement Case Against U.S. Company with Foreign Subsidiaries in Sanctioned Country
Dow Jones Newswires reported on January 20th that the Office of Foreign Assets Control (OFAC) expects "a major enforcement case in the next few years against a U.S. company with a foreign subsidiary in a sanctioned nation." The article also notes that OFAC "has stepped up scrutiny of U.S. parent companies that may be directing or facilitating its Iran operations" and has adjusted its "enforcement strategy to better target companies with systemic violations."
Labels: OFAC
|posted by Douglas N. Jacobson| Permalink 
