The Biggest Problem is to Be Caught Deliberately Violating Sanctions

... deliberately, the fines grew manifold. There is another pattern. Regardless of their country of origin, banks almost always demonstrate the highest compliance with the requirements of the U.S. Department of Treasury. Transactions with a person/entity under sanctions are stopped, banks revise their compliance programs, make personnel decisions and demonstrate their willingness to cooperate with the OFAC. Ivan Timofeev: Sanctions for the Violation of Sanctions: Businesses on US Treasury Radar Gazprombank’s caution is consistent ...