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US imposes sanctions on Russians who helped transport weapons from North Korea to Russia
Kyiv Independent via Yahoo News· 12 hours agoWith Russia's military stocks running low and domestic production capacity simultaneously hampered...
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...
Regulators Emphasize Pursuit of Enforcement Actions Against Non-U.S. Persons | Law.com
Law.com· 4 days agoDepartment of the Treasury’s Office of Foreign Assets Control (OFAC), the U.S. Department of...
No More Postcards to OFAC in 2024: Unpacking OFAC’s New Reporting Procedures
The National Law Review· 3 days agoOn May 10, 2024, The Office of Foreign Assets Control (OFAC) has released a new proposed rule which...
Statute of limitations extended for violations of U.S. sanctions | JD Supra
JD Supra· 1 day 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 ...
DOJ and OFAC Sanctions and Export Control Detection Strategies | JD Supra
JD Supra· 3 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 ...
OFAC Extends Venezuela-Related General License for Limited Maintenance of Essential Operations and...
JD Supra· 1 day agoGL 8N replaces GL 8M, which was set to expire on May 16, 2024. This GL 8N continues to authorized the Covered Entities to conduct transactions and activities that are necessary for safety or ...
Treasury details oligarch-tied Russia sanctions evasion scheme
Compliance Week· 2 days agoThe Treasury’s Office of Foreign Assets Control (OFAC) designated Oleg Vladimirovich Deripaska in...
U.S. Goes After Firms Involved in Sanctioned Oligarch’s Attempt to Sell Stock
The Wall Street Journal· 2 days agoU.S. Treasury sanctions three financial firms and a Russian national that it says were part of a...
U.S. Congress Mandates Wide Range Of Sanctions In Ukraine, Israel, And Taiwan Aid Bill | JD Supra
JD Supra· 3 days agoPurposes” (the Act).[1] The long-awaited piece of legislation provides supplemental funding to support Ukraine, Israel, and Indo-Pacific partners. In broad terms, congressional actions contained ...