We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

OFAC Is Raising The Compliance Bar

Law360 (April 3, 2019, 10:54 AM EDT) -- On March 27, the U.S. Department of the Treasury's Office of Foreign Assets Control, or OFAC, announced a $1.869 million settlement with Stanley Black & Decker Inc. and its Chinese subsidiary, Jiangsu Guoqiang Tools Co. Ltd. (“GQ,” and collectively with SB&D, the “company”), to resolve 23 apparent violations of the Iranian Transactions and Sanctions Regulations, or ITSR.[1] In addition to a civil penalty, the settlement imposes extensive sanctions compliance commitments on the company, backed by a five-year annual certification requirement.

While the SB&D settlement does not represent a significant financial penalty in comparison to other recent actions, it is the most...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!



Kirkland & Ellis LLP has redefined what it means to be the biggest of BigLaw — weighing in at 2,116 attorneys by year end 2018 and becoming the first firm since Law360 began tracking law firm head counts to top 2,000 U.S.-based attorneys.



Law Firms


Government Agencies