Topic
Sanctions
3,138 published works
International Compliance Blog
Department of Justice KleptoCapture Task Force – Director Andrew Adams Shares Observations on Current Efforts and Expected Developments
By Iris Bennett, Brigida Benitez, Patrick Linehan, Lucinda Low, Steven Welk, Wendy Wysong, Thomas Greco
The Department of Justice (DOJ) “KleptoCapture” Task Force (the “Task Force”), launched shortly after Russia’s invasion of Ukraine earlier this year, is characterized by DOJ as a key part of…
International Compliance Blog
Price Cap Coalition Selects Level for Cap on Price of Seaborne Russian-Origin Crude Oil
By Ali Burney, Dave Stetson, Wendy Wysong, Darryl Nirenberg, Wilson Zhao, Zoey Hong
On December 2, 2022, the G7, EU, and Australia (Price Cap Coalition) jointly agreed upon a cap on the price of seaborne Russian-origin crude oil at USD 60 per barrel…
SmarTrade
Treasury Sanctions Network of Chinese Fishing Vessels for Serious Human Rights Abuses
By Scott E. Diamond**, Samir D. Varma, Francesca M.S. Guerrero, Aaron C. Mandelbaum
On December 9, 2022, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned two Chinese individuals and a vast network fishing vessels they control, including Pingtan Marine…
The D&O Diary
D&O Risks Relating to Trade Sanctions, Money Laundering, and Export Rules
As a result of a host of recent developments – including the War in Ukraine, trade tensions with China, and growing issues involving digital assets – several long-standing regulatory regimes…
LegaMart Blog
What are the Consequences of OFAC sanction Violation?
Introduction The United States has one of the largest economies in the world, and as a result, a lot of effort is put in place to protect its economy. The…
Trade Compliance Resource Hub
UK, EU and US Publish Guidance on Russian Oil Price Cap Restrictions
By Leigh T. Hansson, Alexander Brandt, Ray-Shio Ho, Sophie Davis, Tan Albayrak, Dimitris Athanasopoulos, James Willn, Finlay Donaldson, Stephan Johansen, William Young
This client alert provides an update on the guidance published by the UK, EU and US on the relevant price cap for oil products of Russian origin, which apply from…
Lawels Blog
The violation of restrictive measures to be added to the list of ‘EU crimes’ within the TFEU
By Lawels
The Council of the European Union has started to take measures to include the violation of restrictive measures in the list of “EU crimes”. This is an important step in…
SmarTrade
Treasury Announces Price Cap on Russian Oil
By Scott E. Diamond**, Samir D. Varma, Francesca M.S. Guerrero, Aaron C. Mandelbaum
On December 2, 2022, the Department of the Treasury (“Treasury”) issued a Determination pursuant to Executive Order 14071 of April 6, 2022 imposing a price cap of $60 per barrel…
Consumer Financial Services Law Monitor
OFAC Settles With Kraken for $362,158: Maximum Penalty Avoided
By Keith J. Barnett, Ethan G. Ostroff, Carlin McCrory
On November 28, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced a $362,158.70 settlement with Payward, Inc. d/b/a Kraken. The Delaware-incorporated virtual currency exchange allegedly…
eDiscovery Watch
Spoliation Series: Discovery Abuses Can Lead to Case-Ending Sanctions
In Abbott Laboratories, et al., v Adelphia Supply USA (EDNY May 2, 2019), Plaintiffs filed a motion for case-ending sanctions against defendants H&H Wholesale Services, Inc., Howard Goldman, and Lori…