OFAC waives penalty on Zimbabwe bank

3 September 2020

OFAC waives penalty on Zimbabwe bank

It has been reported that OFAC has decided to waive a $385m penalty imposed on Zimbabwe’s CBZ Holdings in 2017. A cautionary letter was issued after OFAC finished a review of 15,000 transactions carried...

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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...