United States:
OFAC Director To Step Down
19 April 2018
Cadwalader, Wickersham & Taft LLP
To print this article, all you need is to be registered or login on Mondaq.com.
John E. Smith, Director of the U.S. Treasury Office of Foreign
Assets Control ("OFAC"), will leave his position in early May.
Mr. Smith was named Acting Director of OFAC in February 2015 and
was formally appointed as Director in March 2017. During an 11-year
career with OFAC, he also served as Deputy Director and Associate
Director.
Deputy Director Andrea M. Gacki, who has been with OFAC for ten
years, will assume the position of Acting Director upon Mr.
Smith's departure.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Finance and Banking from United States
Kirschner: The Final Act?
Mayer Brown
On August 24, 2023, the US Court of Appeals for the Second Circuit issued its decision in the Kirschner v. JPMorgan litigation saga, rejecting the plaintiff's...
Private Credit And Traditional Banks Forge A New Path
Dechert
As direct lending becomes a more popular financing option for middle-market and large U.S. companies, banks are increasingly seeking new ways to leverage their existing customer networks to participate in the direct lending market.