The proposed rule issued on October 3, 2019 would update 10 CFR Part 810 to include procedures to implement the Department of Energy’s civil penalty authority. The maximum proposed penalty is $102,522 per violation, per...more
As it targets terrorist groups and their finances, the U.S. Government announces potent secondary sanctions that can impede correspondent banking relationships of non-U.S. banks.
A new U.S. Executive Order updates the...more
9/12/2019
/ Anti-Money Laundering ,
Due Diligence ,
Entity List ,
Executive Orders ,
Financial Institutions ,
Foreign Banks ,
Non-Bank Lenders ,
SDN List ,
Terrorism Funding ,
Terrorist Financing Regulations ,
U.S. Treasury
China General Nuclear Power Group (CGN) and three of its affiliates have been added to the Commerce Department’s Entity List.
China General Nuclear Power Group (CGN) and affiliates China General Nuclear Power Corporation...more
Draft legislation seeks to restrict business with U.S. and its allies across sectors.
Draft legislation sets out broad menu of sanctions and prohibitions—from import and services restrictions to individual bans—but...more
4/17/2018
/ Blocked Person ,
Economic Sanctions ,
Exports ,
Foreign-Owned Corporations ,
Imports ,
Proposed Legislation ,
Russia ,
SDN List ,
Trade Policy ,
Trade Relations ,
Trump Administration ,
U.S. Treasury
On June 22, 2017, a three-judge panel on the Ninth Circuit issued a unanimous decision in Cooper v. Tokyo Electric Power. The case is unique as it is the only claim brought in the United States for damages arising out of the...more
OFAC has issued a new General License to address problems raised by the sanctioning of the Federal Security Services (FSB). This adjustment serves to authorize permits by the FSB needed for certain commercial transactions...more
On February 4, 2016, India submitted to the International Atomic Energy Agency (IAEA) its Instrument of Ratification of the Convention on Supplementary Compensation for Nuclear Damage (CSC). Under the applicable rules, the...more
Today, the U.S. Department of Energy (DOE) issued the final rule amending its regulations at 10 C.F.R. Part 810 on “Assistance to Foreign Atomic Energy Activities” (“Part 810”). The rule takes effect on March 25, 2015....more