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Flex says no action by OFAC into possible sanctions violations
Compliance Week· 1 day agoIn its annual report Friday, Flex said it self-disclosed to OFAC “possible noncompliance with U.S....
New Sanctions Measures Regarding Russia Serve as a Reminder That Failing to Comply with Sanctions...
JD Supra· 1 day 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 ...
U.S. Goes After Firms Involved in Sanctioned Oligarch’s Attempt to Sell Stock
The Wall Street Journal· 6 days agoU.S. Treasury sanctions three financial firms and a Russian national that it says were part of a...
OFAC Expands Recordkeeping Requirements, Mandates Electronic Filings | JD Supra
JD Supra· 6 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 ...
No More Postcards to OFAC in 2024: Unpacking OFAC’s New Reporting Procedures | JD Supra
JD Supra· 6 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 ...
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...
DXC Technology says no penalties on self-disclosed Russian sanctions matter
Compliance Week· 1 day agoThe company received a warning letter from the Commerce Department’s Bureau of Industry and Security...
Treasury details oligarch-tied Russia sanctions evasion scheme
Compliance Week· 6 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...
Targeting Muslims while they bank - The Boston Globe
The Boston Globe· 2 hours 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...