OFAC increased penalties take effect

23 August 2016

OFAC increased penalties take effect

On 1 July 2016, OFAC issued an "interim final rule" increasing the maximum penalties for breach of US sanctions for inflation, with effect from 1 August 2016. The increases are: - from $65,000 to $83,864 for the Cuba sanctions...

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Maya Lester KC is a senior barrister (King’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...

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