OFAC Returns to Enforcement Scene — GVA Capital Pays $215 Million Penalty for Violations of Ukraine/Russia-Sanctions
The Treasury Department’s Office of Foreign Asset Control (“OFAC”) has been relatively quiet on the enforcement front. That is not unusual — every transition results in an enforcement hiatus. Sanctions enforcement is a priority for this Administration. As expected, the Justice Department will play a more evident role in the sanctions enforcement process. This a new development, when DOJ declines there may be disclosure of...