Topic
Sanctions
3,138 published works
SmarTrade
OFAC and BIS Further Sanction Belarusian and Russian Entities and Individuals
By Scott E. Diamond**, Francesca M.S. Guerrero
On December 5, 2023, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) and the Department of Commerce’s Bureau of Industry and Security (BIS) imposed sanctions on numerous…
Consumer Financial Services Law Monitor
Understanding the DOJ’s Groundbreaking $4.3B Settlement with Foreign Cryptocurrency Exchange Binance.com
By Ethan G. Ostroff, Michael S. Lowe, Matthew Orso, Addison Morgan
On November 21, the U.S. Department of Justice (DOJ) unsealed its criminal indictment against Binance.com (Binance), the world's largest cryptocurrency exchange, and its CEO, Changpeng "CZ" Zhao (CZ). The indictment…
Cleary Foreign Investment and International Trade Watch
The Control Test in the UK’s Sanctions Framework: Recent Developments
By Polina Lyadnova, Christopher P. Moore, Andreas Wildner, Yulia A. Solomakhina
A key feature of the UK’s financial sanctions framework is that not only designated persons (listed on the UK’s Consolidated List) are subject to sanctions, but also entities that are…
Southern California Appellate News
Big sanctions day!
On Nov. 17, 2023, 2/2 issued this unpub'd decision sanctioning counsel for appellant, who had "filed an utterly offensive opposition" to a motion to dismiss an appeal and sanctions request. The…
Money Laundering Watch
Binance Settles Criminal and Civil AML and Sanctions Enforcement Actions for Multiple Billions – While its Founder, Owner and Former CEO Zhao Pleads Guilty to Single AML Crime
By Peter D. Hardy, Terence M. Grugan, Siana Danch
A Huge Monetary Penalty for Sprawling Allegations – But Will Zhao Receive a Prison Sentence? As the world now knows, Binance Holdings Limited, doing business as Binance.com (“Binance” or the…
SmarTrade
OFAC Once Again Extends Venezuela General License for Limited Maintenance or Wind-Down of Transactions Involving PdVSA and Certain Entities
By Scott E. Diamond**, Francesca M.S. Guerrero, Samir D. Varma
On November 16, 2023, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued Venezuela-related General License 8M, extending authorization until May 16, 2024 for certain activities previously authorized…
Global Regulation Tomorrow
Initial steps to take on discovery of a sanctions breach
By David Harris (UK), Claudia Van Gruisen, Madeleine Parker
Introduction Following the unprecedented levels of sanctions activity in response to Russia’s invasion of Ukraine, which has resulted in companies dealing with the most significant and complex sanctions regimes across…
Global Regulation Tomorrow
Initial steps to take on discovery of a sanctions breach
By David Harris (UK), Claudia Van Gruisen, Madeleine Parker
Introduction Following the unprecedented levels of sanctions activity in response to Russia’s invasion of Ukraine, which has resulted in companies dealing with the most significant and complex sanctions regimes across…
SmarTrade
OFAC, State and BIS Announce Further Sanctions on Companies Supporting Russia’s War Efforts
By Scott E. Diamond**, Francesca M.S. Guerrero, Samir D. Varma
On November 2, 2023, the Department of the Treasury’s Office of Foreign Assets Control (OFAC), the Department of State, and the Department of Commerce’s Bureau of Industry and Security (BIS)…
SmarTrade
OFAC Prohibits Financial Services with MOGE and Imposes Additional Sanctions on Persons and Entities Connected to Burma’s Military
By Thompson Hine International Trade
On October 31, 2023, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued a new directive prohibiting U.S. persons from providing certain financial services to Myanma Oil…