January 12, 2006
For Immediate Release & Distribution:
The US Treasury's Office of Foreign Assets Control (OFAC) Announces New Enforcement Guidelines and New Practice of Periodic Review of Banks
|Steven Pinter||+ 1 202 429 email@example.com|
|Hal Eren||+ 1 202 429 firstname.lastname@example.org|
The Eren Law Firm is a leading economic sanctions and anti-money laundering boutique firm based in Washington, DC. Mr. Eren and Mr. Pinter of The Eren Law Firm served at the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), the agency that administers US economic sanctions, for a combined 25 years. At OFAC, Mr. Pinter was OFAC’s Chief of Licensing between 1987 and 2002. From 2002 to 2004, Mr. Pinter provided expert guidance on and review of the civil penalties program administered by OFAC and made determinations regarding various issues dealing with enforcement and the assessment of civil penalties.
Mr. Pinter and Mr. Eren advise banks and other financial institutions and other clients on all aspects of OFAC sanctions, the BSA and the anti-money laundering provisions of the USA Patriot Act, and on the inter-play between the two bodies of law and their detailed regulations. They also design OFAC and AML compliance programs and represent financial institution clients in applications for OFAC licenses (such as the unblocking of funds and accounts), other sanctions relief, and in sanctions and anti-money laundering enforcement actions. For further information about the Firm’s expertise and capabilities, please visit The Firm at: www.erenlaw.com.
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