On March 14, 2024, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced its first enforcement case of the year and its first ever involving dealings with a Russian designated for sanctions...more
3/25/2024
/ Corporate Counsel ,
Cuban Assets Control Regulations (CACR) ,
Due Diligence ,
Economic Sanctions ,
Enforcement ,
Executive Orders ,
Export Controls ,
Foreign Narcotics Kingpin Sanctions Regulations (FNKSR) ,
Office of Foreign Assets Control (OFAC) ,
Risk Assessment ,
Russia ,
Securities Transactions ,
U.S. Treasury
After two years of aggressive sanctions against Russia for its ongoing war in Ukraine, the United States has broadly expanded those sanctions to threaten foreign financial institutions (FFIs) that support Russia’s...more
When Russia invaded Ukraine earlier this year, the international outcry was immediate. Governments around the world took steps to isolate Russia economically and diplomatically. In the United States, most of the attention has...more