$3.77 Million Lesson: How Dealing with Sanctioned Persons Destroys Business and Reputation
On February 25, 2026, the Office of Foreign Assets Control (OFAC) announced that a U.S. individual agreed to pay $3,777,000 to settle potential civil liability for 20 apparent violations of U.S. sanctions on Syria. The case sends a clear message: even indirect managerial involvement with sanctioned persons or entities can result in severe financial and reputational consequences even years...