“Sanctions for Sanctions Violation”: U.S. Department of Treasury Enforcement Actions Against the Financial Sector

... This gap is partially filled by literature from related fields, such as jurisprudence, management, economics, and political economy. Many of them highlight the impact that sanctions have had on the financial sector. Sergey Glandin conducted an interesting ... ... literature. Study Design The imposition of sanctions by the U.S. Department of the Treasury and its Office of Foreign Assets Control (OFAC) is extensively regulated by 2009 guidelines that set several important parameters. First, the amount of the fine depends ...