OFAC reaches $2m settlement with Bank of China (UK) Limited

The US Treasury Department’s Office of Foreign Assets Control (OFAC) has announced that Bank of China (UK) Limited (BOC UK) has agreed to pay $2,329,991 to settle its potential civil liability for violations of the (now repealed) Sudanese Sanctions Regulations. OFAC Enforcement Release. Between September 2014 and February 2016, BOC UK unlawfully exported financial services from the US by processing …

SudanSudan United StatesUnited States

About Maya Lester QC

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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...

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