Calling it the “single largest action targeting corruption to date,” the Department of the Treasury’s Office of Foreign Assets Control (OFAC) on Wednesday sanctioned three prominent Bulgarian individuals along with their network of 64 companies for their “extensive roles” in corruption in Bulgaria.

Jaclyn Jaeger is a freelance contributor to Compliance Week after working for the company for 15 years. She writes on a wide variety of topics, including ethics and compliance, risk management, legal,...