OFAC adjusts penalties for inflation

3 September 2020

OFAC adjusts penalties for inflation

OFAC is amending its regulations to adjust for inflation its civil monetary penalties (CMP) for failure to comply with certain record-keeping and reporting requirements, as provided for in OFAC’s Economic Sanctions Enforcement Guidelines in...

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Maya Lester KC is a senior barrister (King’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human rights & civil liberties. She has a particular expertise in sanctions...