Indirect OFAC Sanctions Violation: How a VTB Scheme Through a Law Firm Led to a $1M Penalty
The Case: What FTI Did
On June 1, 2026, the Office of Foreign Assets Control of the U.S. Department of the Treasury (OFAC) released an enforcement action against FTI Consulting, Inc. (FTI), a Washington, D.C.-based international advisory firm. FTI agreed to pay $1,050,000 to resolve its potential civil liability for apparent violations of U.S. sanctions targeting Russia's financial sector....