Sanctions for the Violation of Sanctions: Businesses on US Treasury Radar

The practice of US regulators punishing specific companies for violating sanctions is of great interest In 2018, the US Department of the Treasury announced a settlement of claims against four companies totaling $60.8 million. The number of companies and the amount of the fines are small compared with previous years. In 2017 , 16 cases were settled for a total amount of $119.5 million, while, for example, in 2014, there were 22 cases worth $1.205 billion. Moreover, each case can include claims...