In late June 2018, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) took action on a number of fronts, including re-implementing stricter sanctions against Iran, issuing detailed sanctions regulations under the Global Magnitsky Human Rights Accountability Act (“Global Magnitsky Act”) and easing sanctions against Sudan. Firms that engage in business that touches upon Iran or Sudan should carefully review these changes. Moreover, firms should make sure to incorporate the names of individuals designated under the Global Magnitsky Act into their screening process.
Click here to read more about these sanctions and the effects they may have on your business.
For information regarding recently updated Venezuela- and Ukraine/Russia-related sanctions, click here.
For information regarding OFAC’s list of sanctioned individuals and entities, click here.
For information regarding the U.S. Department of the Treasury’s list of Russian political figures and oligarchs, click here.