Proud to share successful outcome of a sanctions-related matter involving blocked funds and the U.S. sanctions regime administered by the Office of Foreign Assets Control (OFAC).
Acting as legal counsel for the Kyrgyz client, AXTON assisted in release of a blocked international payment. Following OFAC’s review of the information presented, OFAC determined that the relevant U.S. financial institution is now authorized to return the blocked funds to the originating financial institution.