OFAC $3.7 million settlement agreement with Swiss bank for sanctions violations

18 March 2024

OFAC $3.7 million settlement agreement with Swiss bank for sanctions violations

OFAC has entered into a settlement agreement (notice) with Swiss bank, EFG International, for $3.7 million to settle its potential liability for apparent violations of multiple sanctions regimes. According to the settlement agreement, between...

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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...

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