The Office of Foreign Assets Control (OFAC) fines Bank of China (UK) Limited $2,329,991 for Violations of Sudan Sanctions Regulations

On August 26th, 2021, The U.S. Treasury Department, The Office of Foreign Assets Control (OFAC), announced that Bank of China (UK) Limited (“BOC UK”), located in London, the United Kingdom (UK), has agreed to remit $2,329,991 to settle its potential civil liability for processing transactions in apparent violation of OFAC’s now-repealed  Sudan  sanctions  program.

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