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...

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About Maya Lester QC

Maya Lester QC

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 rights & civil liberties. She has a particular expertise in sanctions. The legal directories say she is the...

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