Tagged: Kerimov

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...