Cozen O’Connor: Potential benefits of cooperation with OFAC (Part 2) [InsideCounsel]

Potential benefits of cooperation with OFAC (Part 2) [InsideCounsel]

As the formulas from Part 1 demonstrate, OFAC’s regulations strongly incentivize cooperation to reduce a violator’s penalty. The next section examines a few recent enforcement actions in which companies have taken advantage of these regulatory formulas to minimize penalties resulting from violations.
 
To read part 2 of the series, click here
 

This is Part 2 of a three-part series examining the benefits of cooperation with the Office of Foreign Assets Control (OFAC). To read the full article, including all three parts, click here

 

 


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