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.