On 27 August 2015, OFAC announced a $1,700,100 settlement with UBS AG (“UBS”) for 222 apparent violations of § 594.201 of the Global Terrorism Sanctions Regulations (31 C.F.R. part 594). The settlement notice is here. Between January 2008 and January 2013, UBS was alleged to have processed 222 transactions related to securities held in the United States, on behalf of…...
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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 &...
Terrorism
United States