On July 30, 2025, the White House released a 166-page report titled “Strengthening American Leadership in Digital Financial Technology” (the “Report”).[1] Authored by a working group of cabinet members and federal agency...more
8/7/2025
/ AML/CFT ,
Banking Sector ,
Biden Administration ,
Blockchain ,
CFTC ,
Cryptocurrency ,
Cybersecurity ,
Decentralized Finance (DeFi) ,
Department of Justice (DOJ) ,
Digital Assets ,
Enforcement Actions ,
Financial Regulatory Reform ,
FinTech ,
IRS ,
Multi-Factor Authentication ,
NIST ,
Popular ,
Regulatory Reform ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
Stablecoins ,
U.S. Treasury
On June 25, 2025, FinCEN issued its first orders under the 2024 FEND Off Fentanyl Act (FOFA), imposing special measures against three Mexican financial firms—CIBanco S.A., Institución de Banca Múltiple (CIBanco), Intercam...more
7/8/2025
/ Anti-Money Laundering ,
Cartels ,
CFIUS ,
China ,
Drug Trafficking ,
Economic Sanctions ,
Enforcement Actions ,
Financial Institutions ,
FinCEN ,
Foreign Agents Registration Act (FARA) ,
Mexico ,
National Security ,
Office of Foreign Assets Control (OFAC) ,
SDN List ,
Terrorist Organizations ,
Trump Administration ,
U.S. Treasury
On May 23, 2025, 10 days after President Trump announced his directive to lift U.S. sanctions on Syria during his visit to Saudia Arabia last month, the U.S. Department of the Treasury’s Office of Foreign Assets Control...more
6/12/2025
/ Bureau of Industry and Security (BIS) ,
CAATSA ,
CFIUS ,
Economic Sanctions ,
EU ,
Export Controls ,
International Trade ,
Office of Foreign Assets Control (OFAC) ,
Popular ,
Regulatory Reform ,
SDN List ,
Syria ,
Trump Administration ,
U.S. Treasury ,
UK
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
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
On March 6, 2024, the U.S. Departments of Commerce, Justice, and the Treasury issued a Tri-Seal Compliance Note (Compliance Note) stressing the need for non-U.S. persons to comply with U.S. sanctions and export controls. The...more
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