OFAC takes more aggressive approach

U.S. authorities are taking an “increasingly aggressive posture” against companies that violate economic sanctions, lawyer Jeremy Paner says. Paner, a former official at the Treasury Department’s Office of Foreign Assets Control, says federal authorities used to avoid issuing penalties to encourage voluntary compliance. But now OFAC is hitting companies with big fines even when they … Read more

Flashback: Beyoncé and Jay-Z in Havana

Jay-Z and Beyoncé drew criticism after celebrating their fifth wedding anniversary in Cuba in 2013. The Treasury Department’s Office of Inspector General investigated and found that they hadn’t broken the law. Their trip was legal under U.S. regulations allowing people-to-people educational travel. The Trump administration eliminated people-to-people travel by individuals and made it illegal to … Read more