General
OFAC Closes Out Year with String of Enforcement Actions -- Aiotec Pays OFAC $14.55 Million to Resolve Iran Sanctions Violations
Despite a relatively slow year in OFAC sanctions enforcement, OFAC closed 2024 with a string of settlements in five cases, including its second in 2024 against an individual defendant. While OFAC had a slow year, DOJ continued to increase its criminal enforcement of sanctions cases against individuals, increasing its prosecutions