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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....
OFAC Revamps Reporting Requirements | JD Supra
JD Supra· 1 day 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 ...
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 ...
US imposes sanctions on Russians who helped transport weapons from North Korea to Russia
Kyiv Independent via Yahoo News· 6 days agoWith Russia's military stocks running low and domestic production capacity simultaneously hampered...
U.S. Congress Extends Statute of Limitations for Economic Sanctions Violations, Implements...
The National Law Review· 5 days agoL. 118-50) that includes several national security and foreign aid provisions, including the 21st...
OFAC Extends Venezuela-Related General License for Limited Maintenance of Essential Operations and...
JD Supra· 6 days 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 ...
The Same Old Song with a Different Meaning — Third-Party Risks and Sanctions Compliance (Part I of...
JD Supra· 1 day 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 ...
Statute of limitations extended for violations of U.S. sanctions | JD Supra
JD Supra· 6 days 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 ...
DXC Technology says no penalties on self-disclosed Russian sanctions matter
Compliance Week· 2 days agoThe company received a warning letter from the Commerce Department’s Bureau of Industry and Security...
Targeting Muslims while they bank - The Boston Globe
The Boston Globe· 1 day agoMagically, after I emailed a board member I know at PayPal, the transaction was quickly processed. At a Muslim gathering in a Boston suburb, I asked a...