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HSBC nabbed again by OFAC…

This time, it's not a big one – $32,400. And it was self-reported and non-egregious. But still above the base penalty of $20,083. And this despite the fact that OFAC even says in the enforcement notice “OFAC concluded that the apparent violations described below were not the result of willful […]

More than meets the eye: Ameron International

Earlier this year, Ameron International, now a subsidiary of National Oilwell Varco (as of 2011), agreed to a settlement with OFAC for violations of the CACR (Cuban Assets Control Regulations) and the ITSR (Iranian Transactions and Sanctions Regulations). The enforcement action release noted that the violating conduct was between 2005 […]