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ARTICLE · 23 FEBRUARY 2025

Sanctions Enforcement In 2024: Europe vs The US

Duane Morris LLP
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In 2024, probably for the first time ever, Europe (meaning the EU, UK, Switzerland and Norway)...

GlobalInternational Law
Mark Handley
Mark Handley
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In 2024, probably for the first time ever, Europe (meaning the EU, UK, Switzerland and Norway), imposed and obtained a greater number of fines and convictions; a higher total value of fines; and also a higher single largest fine, for sanctions breaches than those imposed by the authorities in the United States.

The US figures combine the enforcement actions taken by OFAC and BIS, as well as criminal convictions secured by the DOJ.

The European figures are taken from this blog.

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The US obtained 52 successfully-concluded enforcement actions, while Europe secured 118.

The US (OFAC and BIS combined) imposed fines equivalent to €56.8m, while Europe imposed a total of €88.5m.

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Disclaimer: This Alert has been prepared and published for informational purposes only and is not offered, nor should be construed, as legal advice. For more information, please see the firm's full disclaimer.

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