UAE-headquartered Mashreqbank PSC has agreed to pay $100 million pursuant to a New York State Department of Financial Services (DFS) Consent Order, to resolve a US investigation into violations of the now-repealed Sudanese Sanctions Regulations. It has also agreed to additional reporting on its compliance program. Press Release. OFAC has also issued a Finding of Violation to Mashreq (Notice), and …
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Maya Lester KC is a senior barrister (King’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human...
Sudan
United States