Following Russia’s invasion of Ukraine, the United States has responded with a flurry of sweeping economic sanctions that target some of Russia’s largest and most important financial institutions and state-owned enterprises,...more
In December 2020, Congress passed the National Defense Authorization Act for Fiscal Year 2021 (“Defense Act”), which includes significant reforms to the United States’ monitoring system for financial crimes. Although...more
The COVID-19 pandemic presents novel challenges to U.S. regulators investigating allegations of corporate misconduct. Companies currently under investigation or that may find themselves under investigation must be prepared...more
On February 26, 2020, a federal judge in Connecticut dealt yet another blow to the U.S. Department of Justice's (DOJ) aggressive approach to prosecuting foreign companies and individuals for overseas bribery. In a 29-page...more
On January 13, 2020, the U.S. Department of Treasury, on behalf of the Committee on Foreign Investment in the United States (CFIUS), issued final rules expanding CFIUS's authority to review foreign investments in U.S....more
On Tuesday, February 18, 2020, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) designated Rosneft Trading S.A., the Swiss trading arm of Russia's state-controlled oil company, and its chairman of...more