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 that for several years up to and including 2013, “PayPal failed to employ adequate screening technology and procedures to identify the potential involvement of US sanctions...
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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 &...
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