The U.S. Expands Sanctions Against Russia to Include the Accounting, Trust and Corporate Formation Services, and Management Consulting Sectors of the Russian Economy and Expands Export Controls to Russian Industrial and...more
What are primary sanctions? Sanctions programs administered by the Office of Foreign Assets Control (“OFAC”) require the “blocking” or “freezing” of assets of an “SDN.” U.S. persons are generally prohibited from engaging in...more
On March 11, 2022, U.S. President Joe Biden signed an Executive Order banning the import of goods into the U.S. of Russian origin—seafood, spirits/vodka, and non-industrial diamonds. The Executive Order also includes an...more
The U.S. sanctions and restriction landscape is evolving as the invasion of Ukraine continues. The U.S. interagency law enforcement task force, announced by the DOJ last week, will target crimes of Russian officials,...more
Developments in Europe's Response to Post-JCPOA Iran Sanctions and the U.S. Administration's Warning to INSTEX -
Following the current U.S. administration's withdrawal from the Iran nuclear deal ("JCPOA") in 2018, which...more
2019 was a busy year for the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”): in May, OFAC provided a compliance roadmap in its “Framework for OFAC Compliance Commitments” guidance document (see our 6 Key...more
On May 2, 2019, OFAC released a detailed statement of its views on the best practices that companies should follow to ensure compliance with U.S. sanctions laws and regulations. The document is called “A Framework for OFAC...more