OFAC adjusts penalties for inflation

OFAC is amending its regulations to adjust for inflation its civil monetary penalties (CMP) for failure to comply with certain record-keeping and reporting requirements, as provided for in OFAC’s Economic Sanctions Enforcement Guidelines in the Reporting, Procedures and Penalties Regulations, 31 CFR 501 (appendix A). The changes come into effect on 5 October 2020. See Notice. The CMPs have been …

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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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