Overview
Steptoe's Ryan Pereira, Nicholas Turner, Meredith Rathbone, and Peter Jeydel, authored a piece for WorldECR titled "OFAC designates Nicaraguan officials after 'sham elections'." The article, published in the December / January issue, overviews the recent sanctions from the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) designating Nicaraguan officials following ‘sham’ elections, and explains how these actions underscore the risk to financial institutions seeking to navigate US sanctions risks while operating in Nicaragua.
The full article is available in the December 2021 – January 2022 issue of WorldECR (subscription required).
