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Thanks, Yoshi!*

The recent enforcement action against Essentra FZE also come with a settlement agreement. However, although a link is posted on the Recent Actions page, you can’t get to it from the list of enforcement actions OFAC maintains. The settlement is posted below – and adds some additional detail of the […]

NY DFS Enforcement Action: Deutsche Bank

SUPERINTENDENT LACEWELL ANNOUNCES DFS IMPOSES $150 MILLION PENALTY ON DEUTSCHE BANK IN CONNECTION WITH BANK’S RELATIONSHIP WITH JEFFREY EPSTEIN AND CORRESPONDENT RELATIONSHIPS WITH DANSKE ESTONIA AND FBME BANK   First Enforcement Action by a Regulator Against a Financial Institution for Dealings with Jeffrey Epstein  Superintendent of Financial Services Linda A. Lacewell […]

OFAC Enforcement Action: Amazon.com

The settlement: $134,523 The base penalty: $134,523…. but the statutory maximum was $1,038,206,212 What were the actual violations? From on or about November 15, 2011, to on or about October 18, 2018, persons located in Crimea, Iran, and Syria placed orders or otherwise conducted business on Amazon’s websites for consumer […]

U.S. citizen charged with Kingpin Act violations

Press Release U.S. citizen charged with violating the Kingpin Act Stepson of Mexican drug kingpin Rafael Caro Quintero transferred property into his name to evade Treasury Department sanctions program NEW YORK – A complaint was unsealed yesterday in the Eastern District of New York charging Bryant Espinoza Aguilar, the stepson of Sinaloa […]

World Bank Debarment: Yooshin Engineering Corporation

PRESS RELEASE JULY 1, 2020 World Bank Group Debars Yooshin Engineering Corporation  WASHINGTON, July 1, 2020 — The World Bank Group today announced the 13-month debarment of Yooshin Engineering Corporation (“Yooshin”), a general engineering and construction supervision company based in the Republic of Korea, in connection with fraudulent practices as part of […]