The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has significantly increased its focus on sanctions compliance for “financial gatekeepers,” including financial institutions and other firms...more
7/23/2025
/ Anti-Money Laundering ,
Beneficial Owner ,
Compliance ,
Corporate Counsel ,
Data Integrity ,
Due Diligence ,
Economic Sanctions ,
Enforcement Actions ,
Financial Crimes ,
Financial Institutions ,
Fraud ,
Know Your Customers ,
Office of Foreign Assets Control (OFAC) ,
Risk Management ,
Sanctions
On May 23, 2025, the Treasury Department’s Office of Foreign Assets Control (“OFAC”) issued Syria General License 25 (“GL 25”), effectively lifting U.S. sanctions on Syria. This move follows President Trump’s announcement on...more
6/2/2025
/ Economic Sanctions ,
Executive Orders ,
Foreign Policy ,
Government Agencies ,
International Trade ,
Iran ,
New Regulations ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
Syria ,
Trump Administration ,
U.S. Treasury