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OFAC Expands Recordkeeping Requirements, Mandates Electronic Filings
The National Law Review· 3 days agoLast week, the Office of Foreign Assets Control (OFAC) announced proposed amendments to the...
Statute of limitations extended for violations of U.S. sanctions | JD Supra
JD Supra· 9 hours agoH.R. 815, which, in part, appropriated military funding to Israel, Taiwan, and Ukraine, and required the divestment of Chinese interests in TikTok, also would double the statute of limitations ...
No More Postcards to OFAC in 2024: Unpacking OFAC’s New Reporting Procedures | JD Supra
JD Supra· 1 day agoOn May 10, 2024, The Office of Foreign Assets Control (OFAC) has released a new proposed rule which would make significant changes to OFAC’s standard reporting ...
Treasury details oligarch-tied Russia sanctions evasion scheme
Compliance Week· 1 day agoThe Treasury’s Office of Foreign Assets Control (OFAC) designated Oleg Vladimirovich Deripaska in...
Regulators Emphasize Pursuit of Enforcement Actions Against Non-U.S. Persons | Law.com
Law.com· 3 days agoOn March 6, 2024, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), the...
JD Supra: OFAC Reissues Global Magnitsky Sanctions Regulations
JD Supra· 7 days agoOn March 12, 2024, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) amended and reissued the Global Magnitsky Sanctions Regulations (the “Regulations ...
DOJ and OFAC Sanctions and Export Control Detection Strategies | JD Supra
JD Supra· 2 days agoIn this new aggressive era of sanctions and export controls enforcement, companies need to understand the potential risks that DOJ and/or OFAC may identify a company for sanctions ...
U.S. Congress Mandates Wide Range Of Sanctions In Ukraine, Israel, And Taiwan Aid Bill | JD Supra
JD Supra· 2 days agoOn 24 April 2024, President Biden signed into law H.R. 815, “Making Emergency Supplemental Appropriations for the Fiscal Year Ending September 30, 2024, and for Other Purposes” (the Act).[1] ...
Austria's Raiffeisen faces US wrath over Russian business By Reuters
Investing.com· 10 hours agoLONDON/FRANKFURT (Reuters) -The U.S. Treasury has warned Austria's Raiffeisen Bank International...
Tether Freezes $5.2M USDT in Response to Phishing Scams
CoinMarketCap via Yahoo Finance· 1 day agoTether has also implemented secondary market controls to freeze any activity connected to sanctioned...