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OFAC Signals Willingness to Use FinCEN Whistleblower Incentive Program for Sanctions Violations | JD...
JD Supra· 5 days agoBoth reference the Financial Crimes Enforcement Network's (FinCEN) whistleblower program, signaling OFAC’s willingness to rely on whistleblowers as another source to initiate ...
OFAC Rolls Back Venezuelan Sanctions Relief, Again Prohibiting Oil and Gas Transactions | JD Supra
JD Supra· 6 days agoOn April 17, 2024, OFAC formally rolled back the sanctions relief it previously provided to the Venezuelan oil and gas industry. While OFAC< ...
The Price Cap on Russian Oil – Part 1: Increased OFAC Enforcement
The National Law Review· 3 days agoIn June 2022, the Group of Seven (“G7”) countries—Canada, France, Germany, Italy, Japan, the United...
Prosecutors are examining financial transactions at Block, owner of Cash App and Square
NBC News via Yahoo Finance· 3 hours agoProsecutors are examining financial practices at Block, owner of Cash App and Square. An internal...
War Aid and Sanctions: National Security Act Includes Significant New Sanctions Authorities | JD...
JD Supra· 1 day agoAlong with headline-grabbing aid provisions (and provisions forcing the sale or divestment of social media application TikTok), the Act significantly alters the U.S...
OFAC Revokes General Authorization for Venezuelan Oil and Gas Sector But Permits Limited Wind-Down...
JD Supra· 5 days agoGL 44A only authorizes certain wind-down transactions relating to dealings previously authorized...
U.S. Reversal Of Venezuela Sanctions Relief: Status And Implications | JD Supra
JD Supra· 5 days agoThe United States has reversed its 2023 relaxation of certain sanctions against Venezuela in response to failures by representatives of Venezuela President Nicolás Maduro ...
US Congress Extends Statute of Limitations for Sanctions and Export Controls | JD Supra
JD Supra· 1 day ago... is the statutory authority underpinning the US sanctions regime and grants authority to the US Department of Treasury’s Office of Foreign Assets Control (“OFAC”) and the US Department of Commerce’s Bureau of Industry and Security (“BIS”) to administer and enforce US sanctions programs, while...
OFAC Issues Two Determinations Prohibiting Dealings in Certain Metals of Russian Origin; Extends...
JD Supra· 5 days agoOFAC announced two new Determinations. One bans the import into the U.S. of aluminum, copper, and nickel originating in Russia, while the other outlaws the provision of certain ...
Matthew Tuchband
The National Law Review· 3 days agoMatthew Tuchband is a Financial lawyer at ArentFox Schiff, specializing in International Trade and Financial matters focusing specifically on OFAC related issues.