US issues guidance on sham transactions and sanctions evasion

1 April 2026

US issues guidance on sham transactions and sanctions evasionBlackMac/Shutterstock.com

The US Office of Foreign Assets Control (OFAC) has issued advisory guidance to highlight sanctions risks arising from sham transactions used to evade sanctions. The guidance says: Sham transactions occur when a US-sanctioned person...

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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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