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News/Compliance & Enforcement/Swiss Telecomm Company Pays $7.8 Million to Settle OFAC Sanctions Violations
Expert Opinion·Compliance & Enforcement Brief

Swiss Telecomm Company Pays $7.8 Million to Settle OFAC Sanctions Violations

In its latest enforcement action, OFAC settled with Swiss telecomm company Société Internationale de Télécommunications Aéronautiques SCRL with an approximately $7.8 million civil penalty for 9,256 violations of the Global Terrorism Sanctions Regulations.

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