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OFAC Expands Recordkeeping Requirements, Mandates Electronic Filings
The National Law Review· 2 days agoLast week, the Office of Foreign Assets Control (OFAC) announced proposed amendments to the...
No More Postcards to OFAC in 2024: Unpacking OFAC’s New Reporting Procedures
The National Law Review· 20 hours agoOn May 10, 2024, The Office of Foreign Assets Control (OFAC) has released a new proposed rule which...
DOJ and OFAC Sanctions and Export Control Detection Strategies | JD Supra
JD Supra· 1 day 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 ...
U.S. Goes After Firms Involved in Sanctioned Oligarch’s Attempt to Sell Stock
The Wall Street Journal· 16 hours agoU.S. Treasury sanctions three financial firms and a Russian national that it says were part of a...
Regulators Emphasize Pursuit of Enforcement Actions Against Non-U.S. Persons | Law.com
Law.com· 2 days agoDepartment of the Treasury’s Office of Foreign Assets Control (OFAC), the U.S. Department of...
JD Supra: OFAC Reissues Global Magnitsky Sanctions Regulations
JD Supra· 6 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 ...
OFAC Targets Russia’s Military-Industrial Base and Third-Country Supporters, and Issues Related...
JD Supra· 6 days agoOn April 29, 2024, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) published General License (“GL”) 8I related to the...
US Targets Sanctions-evasion Network Of Russian Oligarch
RTT News· 3 hours agoThe United States is designating one Russian individual and three Russia-based companies involved in an attempted sanctions evasion network of Russian oligarch Oleg Vladimirovich Deripaska.
U.S. Congress Mandates Wide Range Of Sanctions In Ukraine, Israel, And Taiwan Aid Bill | JD Supra
JD Supra· 1 day 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 ...
North Korea Laundered $147.5M in Stolen Crypto Through Tornado Cash: UN
Cryptonews· 8 hours agoUnited Nations sanctions monitors noted that North Korea was involved in laundering $147.5 million...