Regulatory Alerts2026-06-01 | 20260601_33Settlement Agreement between OFAC and FTI Consulting, Inc.
The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) announced a settlement with FTI Consulting, Inc. for $1,050,000 regarding apparent violations of sanctions targeting Russia's financial sector. Between April 2019 and May 2021, FTI indirectly dealt in prohibited debt of VTB Bank OAO on six occasions. The settlement amount reflects OFAC's determination that FTI's conduct was non-egregious and not voluntarily self-disclosed.
Release Date
06/01/2026
Recent Actions Body
The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) today announced a settlement with FTI Consulting, Inc. ("FTI"). FTI agreed to remit $1,050,000 to settle its potential civil liability for its apparent violations of OFAC sanctions targeting Russia's financial sector. Between April 2019 and May 2021, FTI indirectly dealt in prohibited debt of VTB Bank OAO, a Russian state-owned bank on OFAC's Sectoral Sanctions Identification List, on six occasions. The settlement amount reflects OFAC's determinations that FTI's conduct was non-egregious and not voluntarily self-disclosed. For more information, please visit the following Enforcement Release .