By Maya Lester QC & Michael O’Kane

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 regime; – from $1,075,000 to $1,414,020 under the Foreign Narcotics Kingpin Designation Act; – from $250,000 to $284,582 for violations of the International Emergency Economic Powers...

This content is for subscribers only

To continue reading please login or subscribe.

United StatesUnited States

About Maya Lester QC

For all site-related issues, including subscription and payment issues, please contact info@europeansanctions.com.
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...

See profile for Maya Lester QC >

Share this page on: