Citigroup settles breach of us sanctions regulations

On 3 September 2014, the US Department of Treasury announced that Citigroup Inc. had agreed to remit $217,841 to settle potential civil liability resulting from eight apparent violations of sanction regulations implemented by the Office of Foreign Assets Control (OFAC). Citi Penang processed four export bill collection applications totalling $638,074.15 on behalf of Citibank, involving…

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About Maya Lester QC

Maya Lester QC

Maya Lester QC is a senior barrister (Queen’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. The legal directories say she is the...

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