Corruption, Office of Foreign Assets Control (OFAC), Regulatory Violations

Voluntary Self-Disclosure to OFAC: Legal Framework and Strategic Considerations

Friling Law on 7/31/2025

Lawyers regularly advise clients on navigating the complex and evolving U.S. sanctions regime enforced by the Office of Foreign Assets Control (“OFAC”). When a business or individual becomes aware of a potential violation of...more

Sanctions Enforcement: “The New FCPA”

The Volkov Law Group on 5/11/2022

Hold onto your hats – while we are on the cusp of more FCPA enforcement actions, the Justice Department and OFAC are gearing up for real and significant sanctions enforcement actions. The dye is cast, so here we go. ...more

Swiss Telecomm Company Pays $7.8 Million to Settle OFAC Sanctions Violations

The Volkov Law Group on 3/5/2020

OFAC continues to aggressively enforce its sanctions programs. In its latest enforcement action, OFAC agreed with Société Internationale de Télécommunications Aéronautiques SCRL (“SITA”), a Swiss telecom company, to an...more

OFAC Loses Exxon Sanctions Enforcement Case

The Volkov Law Group on 1/23/2020

In an interesting end of year decision, issued on December 31, 2019, a District Court in Dallas issued a rejected OFAC’s enforcement action against Exxon Corporation imposing a $2 million penalty for violation of the Russia...more

Apple Pays $467K to OFAC for Sanctions Violations

The Volkov Law Group on 12/3/2019

Even the mighty can fall – Apple agreed to pay OFAC $467k for violations of the Foreign Narcotics Kingpin Sanctions regulations. In 2008, Apple entered into an applications development agreement with SIS, a Slovenian...more

Hallelujah: OFAC Announces First Enforcement Action in 2018 Against Ericsson, Inc.

The Volkov Law Group on 6/14/2018

I will admit it – I changed this posting from its original draft. I intended to write about the absence of any OFAC enforcement actions for 2018. I went to double-check the OFAC enforcement website, and lo and behold, OFAC...more