Our Global Regulatory Enforcement colleague, Michael J. Lowell, recently wrote about multiple settlements being made by the OFAC, the most recent of which is with a foreign bank relating to payments processed through U.S. financial institutions. On June 14, 2012, OFAC announced a settlement with the National Bank of Abu Dhabi (“NBAD”) for $855,000 to settle potential civil liability for 45 electronic funds transfers processed through U.S. financial institutions on behalf of its Sudan branch. According to OFAC, NBAD’s clerical staff removed or omitted Sudan-related references in payment instructions routed through U.S. banks for a total value of approximately $4.3 million. To read the entire posting, please visit our Global Regulatory Enforcement Blog.