On 21 March 2025, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) removed Tornado Cash, a virtual currency mixer, from its list of Specially Designated Nationals and Blocked Persons (SDN List),...more
3/25/2025
/ Anti-Money Laundering ,
Blockchain ,
Chevron Deference ,
Compliance ,
Cryptocurrency ,
Delisting ,
Digital Assets ,
Economic Sanctions ,
International Emergency Economic Powers Act (IEEPA) ,
Loper Bright Enterprises v Raimondo ,
National Security ,
Office of Foreign Assets Control (OFAC) ,
Popular ,
Risk Management ,
SCOTUS ,
SDN List ,
U.S. Treasury
On 20 February 2025, the United States (U.S.) Department of State designated eight international cartels as Foreign Terrorist Organizations (FTOs) and Specially Designated Global Terrorists (SDGTs). The designation of...more
3/3/2025
/ Anti-Money Laundering ,
Cartels ,
Compliance ,
Economic Sanctions ,
Executive Orders ,
Financial Institutions ,
Foreign Financial Institutions (FFI) ,
International Emergency Economic Powers Act (IEEPA) ,
National Security ,
Office of Foreign Assets Control (OFAC) ,
Risk Management ,
Risk Mitigation ,
Terrorism Funding ,
U.S. Treasury
On 9 October 2024, the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) published its first ever unilateral guidance specifically addressed to financial institutions (FIs). The Guidance to Financial...more
10/22/2024
/ Bureau of Industry and Security (BIS) ,
Compliance ,
Country of Origin ,
Due Diligence ,
Enforcement Actions ,
Export Administration Regulations (EAR) ,
Export Controls ,
Financial Crimes ,
Financial Institutions ,
FinCEN ,
Foreign Policy ,
Foreign Trade Zones ,
Jurisdiction ,
Military End Use ,
National Security ,
New Guidance ,
Office of Foreign Assets Control (OFAC) ,
Popular ,
Risk Assessment ,
Russia ,
SDN List ,
Self-Disclosure Requirements ,
Suspicious Activity Reports (SARs) ,
Voluntary Disclosure
On FINCast Episode 39, Juan Zarate sits down with K2 Integrity’s Katya Hazard and Amir Fadavi to discuss the state of Russia-related sanctions and to explore what has worked and what may require further coordinated efforts to...more
On 13 February 2024, the Financial Crimes Enforcement Network (FinCEN) issued a groundbreaking Notice of Proposed Rulemaking (NPRM) to combat illicit finance and national security threats in the investment adviser sector. The...more
2/27/2024
/ AML/CFT ,
Anti-Money Laundering ,
Bank Secrecy Act ,
China ,
Corruption ,
Exempt Reporting Advisers (ERAs) ,
FinCEN ,
Fraud ,
Investment ,
Investment Adviser ,
National Security ,
Notice of Proposed Rulemaking (NOPR) ,
Office of Foreign Assets Control (OFAC) ,
Patriot Act ,
Proposed Rules ,
Russia ,
Securities and Exchange Commission (SEC) ,
Suspicious Activity Reports (SARs) ,
Tax Evasion
Join our panel of experts for a one-hour conversation about the pressing issues surrounding the transshipment of restricted tools and technologies, with a particular focus on mitigating the risk of these products ending up in...more
12/7/2023
/ Cross-Border Transactions ,
Defense Sector ,
Due Diligence ,
Evasion ,
Export Controls ,
Financial Institutions ,
National Security ,
Restricted Goods ,
Risk Mitigation ,
Russia ,
Trade Policy ,
Trade Relations ,
Webinars
The U.S. Department of Justice (DOJ), the U.S. Department of Commerce’s Bureau of Industry and Security (BIS), and the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) published their second Tri-Seal...more
8/15/2023
/ Bank Secrecy Act ,
Bureau of Industry and Security (BIS) ,
Code of Federal Regulations (CFR) ,
Compliance ,
Department of Justice (DOJ) ,
Economic Sanctions ,
Export Controls ,
FinCEN ,
Investigations ,
National Security ,
Office of Foreign Assets Control (OFAC) ,
Penalties ,
Popular ,
Russia ,
Self-Disclosure Requirements ,
Third-Party ,
U.S. Treasury ,
Voluntary Disclosure ,
Whistleblowers
Chinese lawmakers approved revisions to the country’s counterespionage law on 23 April 2023, broadening the definition of spying and banning the transfer of any information related to national security interests (which are...more
5/16/2023
/ CFIUS ,
China ,
Cybersecurity ,
Economic Sanctions ,
Espionage ,
Forced Labor ,
Foreign Corporations ,
Human Rights ,
International Data Transfers ,
Investors ,
National Security ,
Popular