American Bankers Association calls for more guidance on US sanctions recordkeeping requirements

2 June 2025

American Bankers Association calls for more guidance on US sanctions recordkeeping requirementsBillion Photos/Shutterstock.com

The American Bankers Association (ABA) has requested further guidance from OFAC about how to implement new recordkeeping requirements. In March 2025, an interim final rule extending recordkeeping requirements for certain transactions from 5 to 10 years...

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Maya Lester KC

Maya Lester KC is a senior barrister (King’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human rights & civil liberties. She has a particular expertise in sanctions. She is the…

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