Non-depository financial institutions - including fintechs and other alternative lenders - may be able to apply for new Small Business Lending Company (SBLC) licenses to participate in the Small Business Administration (SBA)...more
The week ending Saturday, April 9, 2022, witnessed a ramping up of U.S. and allied sanctions against Russia and the continuing evolution of U.S. enforcement activities against Russia in response to its invasion of Ukraine....more
4/13/2022
/ Asset Seizure ,
Biden Administration ,
Bureau of Industry and Security (BIS) ,
Darknet ,
Department of Justice (DOJ) ,
Economic Sanctions ,
Executive Orders ,
General Licenses ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
SDN List ,
Ukraine ,
US State Departments
Over the past week, the international community's economic sanctions strategy - and enforcement of that strategy - has been taking shape. This strategy will continue to evolve as events dictate, and as illustrated by the...more
Now that the United States and its allies have deployed many of their available financial and trade weapons in support of Ukraine against Russia's invasion, what happens next? Perhaps more than any other U.S. sanctions...more
3/15/2022
/ Belarus ,
Bureau of Industry and Security (BIS) ,
CAATSA ,
Economic Sanctions ,
Enforcement ,
Enforcement Authority ,
Foreign Relations ,
Magnitsky Act ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
Ukraine
This alert provides an overview of the general licenses and FAQs issued by the Office of Foreign Assets Control (OFAC) through March 4, 2022, and the expansion of the Specially Designated Nationals List on March 3, 2022....more
This alert provides an overview of U.S. sanctions imposed against Russia in response to its invasion of Ukraine up to and including the issuance of Directive 4 and General License 8A on Monday morning, February 28, 2022, and...more
This client alert summarizes the sanctions imposed by the U.S. Treasury on February 22, 2022, targeting Russia's financial services sector following Russia's recognition of the Donetsk and Luhansk People's Republics (DNR and...more
2/24/2022
/ Biden Administration ,
Blocked Entities ,
Blocked Person ,
Economic Sanctions ,
Executive Orders ,
General Licenses ,
Prohibited Transactions ,
Russia ,
SDN List ,
Sovereign Debt ,
U.S. Treasury ,
Ukraine
On the evening of February 21, 2022, President Biden signed an Executive Order (EO) - effective immediately - imposing economic sanctions on the "self-declared" independent states of Donetsk People's Republic (DNR) and...more
A federal district judge rejected states' challenge to the Office of the Comptroller of the Currency (OCC) and Federal Deposit Insurance Corporation (FDIC) rules that the permissible interest rate for a loan is determined...more