Clifford Chance

Everything But the Kitchen Sink: OFAC's Latest Settlement Provides An Important Reminder on Strengthening Compliance Programs

30 July 2020

On July 28, 2020, OFAC announced a settlement with Whitford Worldwide Company, LLC, a cookware coating manufacturer based in the United States, relating to sales by its non-U.S. subsidiaries to Iran that occurred between 2012 and 2015, allegedly caused by the company's failure to identify and adequately manage its OFAC risk.  

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