The Director of the U.S. Department of the Treasury’s Office of Foreign Assets Controls (“OFAC”) made two sanctions-related determinations on September 15, 2022, pursuant to E.O. 14024 and E.O. 14071, related to “quantum computing” and the Russian Federation. The same
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15th Berlin Forum on Global Economic Sanctions
15th Berlin Forum on Global Economic Sanctions
8-9 June 2022 | Courtyard by Marriott Berlin City Center, Berlin
C5 invites you to attend the 15 th Berlin Forum on Global Economic Sanctions on 8-9 June 2022 at theCourtyard by Marriott
Sanctions Compliance: A Unique Approach for Conglomerates
The U.S. Department of the Treasury’s Office of Foreign Assets Control’s (“OFAC”) January 2022 settlement agreement with Sojitz (Hong Kong) Limited for alleged violations of the Iranian Transactions and Sanctions Regulations (“ITSR”), 31 C.F.R. Part 560, is an important reminder
Medical Supply and Agricultural Transaction Considerations for Russia/Ukraine: U.S. Sanctions and Export Controls
U.S. economic sanctions programs and export controls generally have a soft spot for transactions related to the supply of agricultural commodities, medicine, and medical devices (“AgMed”). This is not only because certain sanctioned countries (e.g. Iraq) have experienced
Benchmarking Sanctions Compliance Programs with the Help of Prior OFAC Enforcement Actions
When creating or enhancing a U.S. economic sanctions compliance program, businesses will typically refer to certain published guidance from the U.S. Government that may include the U.S. Department of the Treasury’s Office of Foreign Assets Control’s (“OFAC”) A Framework for
The Russians are Coming (Maybe)! Risk Mitigation Tips for Potential U.S. Economic Sanctions and Export Controls
Tune into your favorite news network these days and there’s a lot of speculation on how the United States and its allies (mainly the European Union and the United Kingdom) may respond to a Russian military invasion of Ukraine, especially
How did you end up on the OFAC SDN List? OFAC Checked the Internet.
Yes, it’s true. The United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) uses the internet. Before you unsubscribe because you think this either a) a stupid post; or b) I’ve lost my mind, let me explain.
14th Annual Advanced Forum On U.S. Economic Sanctions Enforcement & Compliance
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14th Annual Advanced Forum on U.S. Economic Sanctions Enforcement and Compliance
The 14th Annual Advanced Forum on Economic Sanctions Enforcement and Compliance is widely regarded as the flagship event for senior executives and practitioners, who work in the areas of global sanctions compliance, internal audits and investigations, international trade, banking, insurance,
A Little Bit of Guidance on OFAC General License G
Recently, I reviewed a response by the United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) responded to a request for interpretative guidance, or in the alternative, specific license authorization. Here is a run down of the