• Proposed OFAC Rule on Publication of Assessed Penalties and Settlements
  • May 14, 2003 | Authors: Edward L. Rubinoff; Lars-Erik A. Hjelm
  • Law Firms: Akin Gump Strauss Hauer & Feld LLP - Washington Office ; Akin Gump Strauss Hauer & Feld LLP - Dallas Office
  • The Office of Foreign Assets Control (OFAC) has requested comments by July 19, 2002, on a proposed rule that provides for public disclosure of settlements and assessed penalties. If adopted in its current form, the rule will reverse long-standing OFAC policy against releasing the terms of such arrangements.