Topic
Sanctions
3,138 published works
FCPA Professor
Supreme Court Holds That The Foreign Sovereign Immunities Act Does Not Provide Immunity For Foreign States And Their Instrumentalities From Criminal Prosecution
By Mike Koehler
Earlier today, in a decision (authored by Justice Kavanaugh (and joined by Justice Roberts, Justice Thomas, Justice Sotomayor, Justice Kagan, Justice Jackson – Justice Gorsuch filed an opinion concurring in part and…
SmarTrade
OFAC Again Revises Venezuela General License Extending Delay of PdVSA 2020 8.5% Bond-Related Authorizations
By Scott E. Diamond**, Samir D. Varma, Francesca M.S. Guerrero
On April 19, 2023, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued General License (GL) 5K, “Authorizing Certain Transactions Related to the Petróleos de Venezuela, S.A. 2020…
Israel Global Gateway
Guest Blog: In anniversary move, EU and UK announce further sanctions targeting Russia
By Israel Group
By: John Forrest, Chloe Barker, Lydia Rogers On 25 February 2022, the EU agreed its 10th package of sanctions measures. The measures have been introduced via amendments made to a number…
SmarTrade
OFAC and State Department Continue to Target Individuals and Entities Facilitating Russian Financial Transactions and Supporting Russia’s Defense Sector
By Scott E. Diamond**, Samir D. Varma, Francesca M.S. Guerrero, Aaron C. Mandelbaum
On April 12, 2023, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced further efforts to deny Russia’s access to the international financial system through facilitators and…
Trade Compliance Resource Hub
OFAC reaches a settlement with crypto platform following an investigation into sanctions violations
By Mark Bini, Michael Lowell, Kaela Dahan, Joanna Howe, Ariya Serbest, Reese Jessup
The U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) recently reached a settlement with a multi-asset trading platform where, to settle its potential civil liability for violations of sanctions…
Trade and Manufacturing Monitor
OFAC Revamps and Updates Website
By Terry Frederic, Wyatt Mince
On April 3, 2023 the Office of Foreign Assets Control (“OFAC” or “the agency”) launched a new domain for its website at ofac.treasury.gov. This update aims to make it easier…
ContractsProf Blog
Metropolitan Opera Ordered to Pay $200,000 to Putin Stan Anna Netrebko
We have been posting occasionally on the interaction of the Russian war against Ukraine on the blog. The most recent such post is here. Today, care of Javier C. Hernández…
SmarTrade
OFAC Sanctions Individuals and Entities for Connections to Burma’s Military, Publishes Burma Jet Fuel Sanctions Alert
By Scott E. Diamond**, Samir D. Varma, Francesca M.S. Guerrero
On March 24, 2023, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated and sanctioned six entities and two individuals connected to Burma’s military “that have enabled…
Federal Regulatory & Enforcement Insider
“Know Your Customer” – It Is More Critical Than Ever Given Russia’s Efforts To Evade U.S. Sanctions
By Brent Connor, Tamara Droubi, Jaime Rosenberg
Last month, the United States, along with other G7 members, stepped up efforts to curtail Russia’s evasion of western sanctions adopted to impede Russia’s invasion of Ukraine. It has been…
International Compliance Blog
UK Expands Designations of All Subject to Asset Freeze Sanctions Under the Russia Regime to Include a Ban on the Provision of Trust Services
By Alexandra Melia, Elliot Letts
On March 21, 2023, HM Treasury’s Office of Financial Sanctions Implementation (“OFSI”) designated all individuals and entities that currently are subject to an asset freeze under the Russia (Sanctions) (EU Exit)…