{"id":855,"date":"2025-02-20T05:58:07","date_gmt":"2025-02-20T09:58:07","guid":{"rendered":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/?p=855"},"modified":"2025-02-20T06:11:32","modified_gmt":"2025-02-20T10:11:32","slug":"sanctions-enforcement-in-2024-europe-vs-the-us","status":"publish","type":"post","link":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/2025\/02\/20\/sanctions-enforcement-in-2024-europe-vs-the-us\/","title":{"rendered":"Sanctions enforcement in 2024: Europe vs the US"},"content":{"rendered":"\n

In 2024, probably for the first time ever, Europe (meaning the EU, UK, Switzerland and Norway), imposed and obtained a greater number of fines and convictions; a higher total value of fines; and also a higher single largest fine, for sanctions breaches than those imposed by the authorities in the United States.<\/p>\n\n\n\n

The US figures combine the enforcement actions taken by OFAC and BIS, as well as criminal convictions secured by the DOJ.<\/p>\n\n\n\n

The European figures are taken from this blog.<\/p>\n\n\n\n

\"\"<\/a><\/figure>\n\n\n\n

<\/p>\n\n\n\n

The US obtained 52 successfully-concluded enforcement actions, while Europe secured 118.<\/p>\n\n\n\n

The US (OFAC and BIS combined) imposed fines equivalent to \u20ac56.8m, while Europe imposed a total of \u20ac88.5m.<\/p>\n\n\n\n

The single largest US fine was $20m in relation to Iran sanctions. The largest fine in Europe was the UK’s \u00a329m imposed on Starling Bank.<\/p>\n","protected":false},"excerpt":{"rendered":"

In 2024, probably for the first time ever, Europe (meaning the EU, UK, Switzerland and Norway), imposed and obtained a greater number of fines and convictions; a higher total value of fines; and also a higher single largest fine, for sanctions breaches than those imposed by the authorities in the United States. The US figures … <\/p>\n

Continue reading “Sanctions enforcement in 2024: Europe vs the US”<\/span><\/a><\/p>\n","protected":false},"author":656,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[95,2],"tags":[20,12,34],"ppma_author":[7],"class_list":["post-855","post","type-post","status-publish","format-standard","hentry","category-95","category-general","tag-financial-sanctions","tag-fine","tag-trade-sanctions"],"authors":[{"term_id":7,"user_id":656,"is_guest":0,"slug":"mhandley","display_name":"Mark Handley","avatar_url":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-content\/uploads\/sites\/65\/2023\/09\/handleymark-100x100.jpg","0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":"","8":""}],"_links":{"self":[{"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/posts\/855","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/users\/656"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/comments?post=855"}],"version-history":[{"count":0,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/posts\/855\/revisions"}],"wp:attachment":[{"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/media?parent=855"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/categories?post=855"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/tags?post=855"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/ppma_author?post=855"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}