OFAC Settlement Highlights Importance of Testing and Auditing Sanctions Compliance Controls

On March 17, 2026, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced a settlement with U.S.-headquartered brokerage firm TradeStation Securities (TradeStation), which offers desktop, web and mobile securities trading platforms. TradeStation agreed to remit more than $1 million to settle claims that it “provided investment services to customers located in Iran, Syria, and the Crimea region of Ukraine (‘Crimea’) following a series of compliance control... By: Paul Hastings LLP