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US and UK Issue New Round of Russia-Related Sanctions in Connection with G7 Summit | JD Supra
JD Supra· 37 minutes agoOn June 12, 2024, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) and the U.S. Department of State announced more than 300 new sanctions ...
Is Your Sanctions Compliance Program Compliant? — A Quick Five-Question Quiz | JD Supra
JD Supra· 2 days agoQuestion 1 — Does the Company conduct annual sanctions compliance training for relevant employees? OFAC’s Sanctions
OFAC Issues New Wave of Russia Sanctions Expanding Secondary Sanctions Risk for Foreign Financial...
JD Supra· 6 days agoPreviously, on December 22, 2023, President Biden authorized OFAC to impose sanctions on foreign financial institutions that conduct or facilitate significant ...
JD Supra: DOJ and OFAC Sanctions and Export Control Detection Strategies
JD Supra· 6 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 ...
Sanctions Compliance: Understanding the Red Lines of Enforcement (Part I of II) | JD Supra
JD Supra· 7 days agoIn this new era of aggressive sanctions enforcement, companies have to understand the red lines that define where criminal and civil enforcement risk increase. In contrast ...
Sanctions Enforcement on the Outer Edges of Trade Activity (Part II of II) | JD Supra
JD Supra· 6 days agoThe heartland of such misconduct has been described on numerous occasions in OFAC enforcement actions and settlements. DOJ, OFAC and BIS are well aware ...
U.S. Expands Russia Sanctions, Focusing on Financial Infrastructure and IT/Software-Related Services
The National Law Review· 5 days agoOn June 12, the U.S. Department of the Treasury and U.S. Department of State imposed additional ...
Evolve Bank ordered by Fed to address AML, sanctions lapses
Compliance Week· 6 days agoEvolve Bank & Trust engaged in unsafe and unsound business practices related to third-party fintech...
Trade Matters - Lowenstein Sandler's Global Trade & National Security Newsletter - June 2024 | JD...
JD Supra· 6 days agoOn May 10, 2024, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued an Interim Final Rule (IFR), effective August 8, 2024, that updates the ...
The Shadow Financial System | JD Supra
JD Supra· 2 days agoThe concept of the shadow financial system rose to international prominence in the aftermath of the 9/11 terrorist attacks. In an interview with a Pakistani newspaper a month later, Osama bin ...