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JD Supra: OFAC Signals Willingness to Use FinCEN Whistleblower Incentive Program for Sanctions...
JD Supra· 2 days agoBoth reference the Financial Crimes Enforcement Network's (FinCEN) whistleblower program, signaling OFAC’s willingness to rely on whistleblowers as another source to initiate ...
JD Supra: OFAC Reimposes Venezuela Oil and Gas Sector Sanctions but Leaves Door Open for Possible...
JD Supra· 3 days agoDepartment of the Treasury’s OFAC replaced GL 44, which had previously authorized transactions related to oil or gas sector operations in Venezuela, with a limited wind-down ...
Supply Chain and Sanctions Compliance (Part III of IV) | JD Supra
JD Supra· 5 days agoWhile OFAC’s enforcement actions and guidance points to important steps exporters must take when relying on third-party distributors and other intermediaries, the “reason ...
JD Supra: OFAC Issues Two Determinations Prohibiting Dealings in Certain Metals of Russian Origin;...
JD Supra· 2 days agoOFAC announced two new Determinations. One bans the import into the U.S. of aluminum, copper, and nickel originating in Russia, while the other outlaws the provision of certain ...
The Same Old Song with a Different Meaning — Third-Party Risks and Sanctions Compliance (Part I of...
JD Supra· 7 days agoThe Four Tops sang the “Same Old Song, with a Different Meaning” (released in 1965 — Video Here). Legal and Compliance bloggers, compliance vendors, prognosticators ...
JD Supra: U.S. Reversal Of Venezuela Sanctions Relief: Status And Implications
JD Supra· 2 days agoThis reversal demonstrates the dynamic nature of U.S. sanctions in general, the fragile nature of sanctions relief in particular, and the imperative for ...
OFAC Revamps Reporting Requirements | JD Supra
JD Supra· 7 days agoOn May 10, 2024, OFAC issued an IFR that would amend its Reporting, Procedures and Penalties Regulations (RPPR) at 31 C.F.R. Part 501 to, among other things, modify certain ...
Current State of U.S. Export Controls in Response to the Russian Federation’s Invasion of Ukraine -...
JD Supra· 6 days agoIn response to Russia’s invasion of Ukraine, the U.S. government has deployed a whole-of-government approach to impose sanctions and tighter export controls on Russia. This ...
New Statute of Limitations Impacts M&A and International Trade Compliance | JD Supra
JD Supra· 5 days agoThis change expands the enforcement window for agencies with jurisdiction over international trade activities which may apply the SOL retroactively. As a narrow point, the U.S. Department of ...
A Financial Professional's Guide to Consensus 2024
CoinDesk via Yahoo Finance· 6 days agoGrab your tickets here for Consensus 2024, in Austin, Texas, May 29-31. See also: Wednesday, May 29 OFAC Sanctions Compliance: The Good ...