Try our Advanced Search for more refined results

Expert Analysis

OFAC Is Raising The Compliance Bar

By Ama Adams, Brendan Hanifin and Emerson Siegle (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....

Law360 is on it, so you are, too.

A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.


A Law360 subscription includes features such as

  • Daily newsletters
  • Expert analysis
  • Mobile app
  • Advanced search
  • Judge information
  • Real-time alerts
  • 450K+ searchable archived articles

And more!

Experience Law360 today with a free 7-day trial.

Start Free Trial

Already a subscriber? Click here to login

Related Sections

Law Firms

Companies

Government Agencies

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!