The Biggest Problem is to Be Caught Deliberately Violating Sanctions

... the U.S. sanctions. In January, PDVSA was put on the U.S. SDN List . This means that any company conducting transactions with PDVSA risks being fined by the U.S. Department of Treasury, and the fine will be tied to the transaction’s amount. The risks ... ... sector and the amount of transactions conducted with persons/entities that have been sanctioned. The fines range from ten thousand to hundreds of millions, and given claims by other U.S. regulators, the fines can reach billions of dollars. Banks bear ...