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BAFT News and Press Releases

 

BAFT Submits Letter to OFAC Regarding Sectoral Sanctions for the Ukraine and Russia

by Patrick Devilbiss | Aug 28, 2014
Members can view the submission here

In an effort to assist our member banks with clearly understanding the recently imposed sectoral sanctions for the Ukraine and Russia, BAFT has sent the attached letter to the Office of Foreign Assets Control (“OFAC”) of the U.S. Department of the Treasury.  BAFT and its members understand the importance of quickly adhering to any OFAC sanctions, and BAFT has gathered, consolidated and submitted the attached list of member questions for OFAC’s review. BAFT will provide OFAC’s guidance responses as soon as available in order to assist you to clarify and properly interpret these sanctions.

Should you have comments or questions , please refer them to Stacey Facter (sfacter@baft.org).