The Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced Wednesday a pair of settlements totaling $583,100 with Deutsche Bank Trust Company Americas (DBTCA) for apparent violations of Ukraine-related sanctions.
One settlement worth $157,500 addressed a payment of nearly $29 million made that involved a property interest of a designated oil company in Cyprus, while the other, worth $425,600, was for processing 61 payments destined for accounts at a designated financial institution. OFAC determined DBTCA did not voluntarily self-disclose either apparent violation and that both cases were non-egregious.
