2010: OFAC's Big Year

Law360, New York (March 14, 2011, 5:50 PM EDT) -- 2010 saw increasing fines and increasing focus on export enforcement at the Office of Foreign Assets Control. It was perhaps not surprising, then, that OFAC got front page treatment in the New York Times on Dec. 24, 2010 in an article provocatively entitled “U.S. Has Approved Billions in Business With Blacklisted Nations.”[1] And though it reflects the current social media age, it may have surprised some that Stuart Levey, then the undersecretary for terrorism and financial intelligence, chose to publicize his response to the Times article...
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