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OFAC Revamps Reporting Requirements | JD Supra
JD Supra· 12 hours 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 ...
Flex says no action by OFAC into possible sanctions violations
Compliance Week· 2 days agoIn its annual report Friday, Flex said it self-disclosed to OFAC “possible noncompliance with U.S....
No More Postcards to OFAC in 2024: Unpacking OFAC’s New Reporting Procedures | JD Supra
JD Supra· 7 days 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 ...
U.S. Goes After Firms Involved in Sanctioned Oligarch’s Attempt to Sell Stock
The Wall Street Journal· 7 days agoU.S. Treasury sanctions three financial firms and a Russian national that it says were part of a...
New Sanctions Measures Regarding Russia Serve as a Reminder That Failing to Comply with Sanctions...
JD Supra· 2 days agoOn May 1, 2024, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) and the U.S. Department of State sanctioned nearly 300 individuals ...
OFAC Expands Recordkeeping Requirements, Mandates Electronic Filings | JD Supra
JD Supra· 7 days agoLast week, the Office of Foreign Assets Control (OFAC) announced an interim final rule which amends the recordkeeping and reporting requirements relating to the various economic ...
The Same Old Song with a Different Meaning — Third-Party Risks and Sanctions Compliance (Part I of...
JD Supra· 12 hours agoThe Four Tops sang the “Same Old Song, with a Different Meaning” (released in 1965 — Video Here). Legal and Compliance bloggers, compliance vendors, prognosticators, Compliance Podcasters, and ...
US imposes sanctions on Russians who helped transport weapons from North Korea to Russia
Kyiv Independent via Yahoo News· 5 days agoWith Russia's military stocks running low and domestic production capacity simultaneously hampered...
Treasury details oligarch-tied Russia sanctions evasion scheme
Compliance Week· 7 days agoThe Treasury’s Office of Foreign Assets Control (OFAC) designated Oleg Vladimirovich Deripaska in...
U.S. Congress Extends Statute of Limitations for Economic Sanctions Violations, Implements...
The National Law Review· 4 days agoL. 118-50) that includes several national security and foreign aid provisions, including the 21st...
