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TradeXBank to Resume USD Operations Following Resolution of Legacy Issue With OFAC
NewMediaWire via Yahoo Finance· 1 day agoOffice of Foreign Assets Control (OFAC) of the U.S. Department of Treasury has finalised delisting...
OFAC Revokes Sanctions Suspension on Venezuela’s Oil & Gas Sector, and Extends Prohibitions to Act...
JD Supra· 15 hours agoAn April 17, 2024, the U.S. Department of the Treasury’s Office of Foreign Asset Control (“OFAC”) issued General License ...
U.S. DOJ Identifies and Charges LockBit Ransomware Gang Leader with Fraud, Extortion
Coindesk· 5 hours agoKhoroshev has also been sanctioned by the U.S. Treasury Department’s Office of Foreign Assets ...
LockBit ransomware admin identified, sanctioned in US, UK, Australia
BleepingComputer· 8 hours ago...Khoroshev (pictured), the administrator and developer of the LockBit ransomware group, are being...
US Imposes Sanctions on Crypto Addresses Linked to Russian Drone Maker
Cryptonews· 5 days agoThe US Treasury’s Office of Foreign Assets Control (OFAC) took action against a developer at OKO Design Bureau on May 1, a Russia-based ...
Current State of U.S. Economic Sanctions Imposed in Response to Russia’s Invasion of Ukraine - May...
JD Supra· 5 days agoThis alert summarizes key economic sanctions imposed by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) ...
The Price Cap on Russian Oil – Part 2: Updated OFAC Guidance
The National Law Review· 5 days agoIn our previous article on this topic (which you can read here), we analyzed recent enforcement...
Congress Extends Statute of Limitations for Sanctions and Certain Other National Security Programs...
JD Supra· 7 days agoDepartment of the Treasury’s Office of Foreign Assets Control (OFAC) and enforced by OFAC and the U.S. Department ...
Sanctions Violations: New 10-Year Statute of Limitations | JD Supra
JD Supra· 6 days agoThis is a substantial change from the prior five-year statute of limitations, resulting in increased sanctions liability exposure for companies. The bill also mandates new sanctions programs ...
New U.S. Legislation Extends Sanctions Statute of Limitations and Authorizes New Sanctions: What...
JD Supra· 2 days agoExtend the statute of limitations to 10 years for violating most sanctions programs administered by the U.S. Department of the Treasury’s Office of Foreign Assets