Payments and Sanctions Law - The Intersection of UCC 4A, OFAC Requirements, and Attempts to Garnish Blocked Funds under TRIA
June 12, 2018
This program will explore the intersection of payments and sanctions law in the context of recent attempts by judgment creditors to garnish previously blocked wire payments. The panel will discuss the legal framework for wires under UCC Article 4A, the OFAC sanctions monitoring requirements imposed on banks processing wires, and the evolution of recent case law involving judgment creditors seeking to leverage federal law, such as the Terrorism Risk Insurance Act, to garnish blocked funds.
Members of the Business Law Section may access the program materials and video from this program. Log in using your email address.