PayPal agrees $7.6m settlement with OFAC for sanctions violations

26 March 2015

Yesterday, the US Treasury’s Office of Foreign Assets Control (OFAC) published a settlement agreement with PayPal totalling $7,658,300, in settlement of PayPal’s potential civil liability for 486 apparent sanctions violations. The US Treasury announced...

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Michael is Senior Partner at Peters & Peters Solicitors LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters & Peters and as a prosecutor.