As the third month of the second Trump administration comes to a close, the lack of any public enforcement action by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctions watchers...more
4/25/2025
/ Corporate Counsel ,
Due Diligence ,
Economic Sanctions ,
Enforcement Actions ,
Iran ,
Office of Foreign Assets Control (OFAC) ,
Penalties ,
Popular ,
Risk Management ,
Russia ,
Settlement ,
Trump Administration ,
Ukraine
On April 24, 2024, President Biden signed into law a long-debated $98 billion foreign aid and national security legislative package (the “Act”) providing funds for Israel, Taiwan, and Ukraine, and authorizing new sanctions...more
4/30/2024
/ Corporate Counsel ,
Cybersecurity ,
Department of Justice (DOJ) ,
Drug Trafficking ,
Economic Sanctions ,
Foreign Aid ,
Hamas ,
Harmonization Rules ,
Human Rights ,
International Emergency Economic Powers Act (IEEPA) ,
Israel ,
Joe Biden ,
National Security ,
NDAA ,
Office of Foreign Assets Control (OFAC) ,
Popular ,
Taiwan ,
Terrorist Acts ,
U.S. Treasury ,
Ukraine
Today’s alert—the second in our Sanctions 2023 Year in Review Series—provides an overview of U.S. sanctions enforcement in 2023, including the key lessons learned from the public enforcement actions issued by the U.S....more
3/5/2024
/ Bureau of Industry and Security (BIS) ,
CFTC ,
Corporate Counsel ,
Department of Justice (DOJ) ,
Economic Sanctions ,
FinCEN ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
Sanction Violations ,
SDN List ,
Technology ,
Ukraine ,
Virtual Currency ,
Whistleblowers
2023 was another record year for U.S. sanctions and the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC). Most prominently, OFAC continued to impose significant additional sanctions on Russia in...more
3/4/2024
/ China ,
Corporate Counsel ,
Critical Infrastructure Sectors ,
Cybersecurity ,
Decentralized Finance (DeFi) ,
Drug Trafficking ,
Economic Sanctions ,
Enforcement Actions ,
Hamas ,
Human Rights ,
National Security ,
NDAA ,
Office of Financial Sanctions Implementation (OFSI) ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
Terrorist Acts ,
U.S. Treasury ,
Ukraine ,
US State Departments ,
Venezuela ,
Virtual Currency