OFAC civil monetary penalties to increase

OFAC has made regulatory amendments to account for inflation on the maximum amount of civil monetary penalties (CMP) that can be imposed for sanctions violations. Existing and new maximum CMP amounts: Trading with the Enemy Act (TWEA): existing – $86,976; new – $89,170 International Emergency Economic Powers Act (IIEPA): existing $295,141; new – $302,584 Antiterrorism and Effective Death Penalty Act...

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About Michael O'Kane

Michael O'Kane

Michael was called to the Bar in 1992 and prior to joining Peters & Peters was a senior specialist prosecutor at the Crown Prosecution Service Headquarters (CPS). He was a key member of a small specialist unit responsible for the prosecution of serious and high-profile fraud, terrorist,...

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