Economic Sanctions, Risk Assessment, Foreign Relations

US Lifts Most Sanctions on Syria

Troutman Pepper Locke on 5/30/2025

On May 23, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued Syria General License 25 (GL 25), effectively lifting most sanctions imposed under the Syrian Sanctions Regulations (SSR) (31...more

UK Weekly Sanctions Update - Week Of January 22, 2024

Mayer Brown on 1/29/2024

In this weekly update, we summarise the most notable updates in the UK sanctions world. 1. Russia Sanctions - UK Government adds Russian-based cyber hacker under Cyber regime: On January 23, 2024, the UK Government,...more

Ransomware Response Complicated by Growing Number of Sanctions in Wake of Russian invasion of Ukraine

Benesch on 4/27/2022

Entities facing significant legal risk, no matter the circumstances, if they make ransom payments to attackers connected to, or originating from Russia. As the Russian invasion of Ukraine continues, the U.S. government...more

Assessing Third-Party Sanctions Risks (Part II of III)

The Volkov Law Group on 1/25/2022

The task of designing appropriate third-party sanctions controls requires reverse engineering of relevant caselaw, particularly, the Epsilon Electronics case, which I reviewed in Part I of this series, and the Department of...more

What the Biden Administration Brings on Sanctions

K2 Integrity on 2/19/2021

Despite a shift in the sanction landscape, it will take time for enforcement activity to catch up. As a result, organizations should regularly examine their exposure with business partners around the globe and consult with...more

U.S. Sanctions regulator outlines expectations for Global Sanctions Compliance: impact on Private Equity

Hogan Lovells on 7/3/2019

On 2 May 2019, the U.S. Treasury's Office of Foreign Assets Control ("OFAC"), the agency responsible for enforcing economic sanctions, published "A Framework for OFAC Compliance Commitments" (the "Framework") which outlines...more