Latest / Trade Compliance Brief - Export Control and Sanctions Insights
The Intermediary Illusion: Unpacking OFAC’s $1M Sectoral Sanctions Settlement with FTI Consulting
In this episode, we break down the critical compliance lessons from the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) June 1, 2026, enforcement release. Global business advisory firm FTI Consulting, Inc. has agreed to pay $1,050,000 to settle potential civil liability for apparent violations of Russia-related sectoral sanctions.
The case centers on a fundamental compliance blindspot: attempting to structure an engagement through an intermediary law firm to provide services to a blocked entity on the Sectoral Sanctions Identification (SSI) List. We dissect how FTI…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.