On April 24, 2024, President Biden signed H.R. 815, otherwise known as the National Security Act of 2024. The bill provides emergency appropriations for Ukraine, Israel, Taiwan, humanitarian purposes in Gaza, and various...more
5/14/2024
/ Biden Administration ,
Economic Sanctions ,
Export Administration Regulations (EAR) ,
Export Controls ,
Government Agencies ,
Humanitarian Assistance ,
International Emergency Economic Powers Act (IEEPA) ,
National Security ,
New Legislation ,
Office of Foreign Assets Control (OFAC) ,
Statute of Limitations ,
TikTok
Our Finance and White Collar, Government & Internal Investigations Groups examine an Alabama federal court’s ruling that the Corporate Transparency Act (CTA) is unconstitutional....more
One year later, Russia’s war against Ukraine shows no signs of abating. Our International Trade & Regulatory Group breaks down the latest U.S. sanctions further restraining Russia’s ability to do business with the rest of the...more
Our Financial Services & Products Group provides background on how Russia defaulted on its eurobonds and discusses the implications for Russian bond and credit default swap positions....more
Welcome to the latest edition of the Spectrum, covering hot-topic issues in the structured finance markets in the U.S. and UK. Guest edited by our London team, this edition focuses on the opportunities that come from stressed...more
7/14/2022
/ Banking Sector ,
Capital Markets ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Financial Institutions ,
Financial Markets ,
Financial Services Industry ,
Income Share Agreements ,
Lenders ,
Loans ,
Succession Planning
As Russia’s war against Ukraine continues and the United States and its allies announce further sanctions, U.S. companies face more difficulties with compliance and the loss of valuable assets. Our International Trade &...more
Our International Trade & Regulatory Group continues its investigation of the ever-growing sanctions regimes imposed on Russia since its invasion of Ukraine. ...more
The United States and its allies respond to Russia’s invasion of Ukraine with even tougher sanctions against Russia, its leaders, and its leading businesses. Our International Trade & Regulatory Group breaks down the...more
3/1/2022
/ Asset Freeze ,
Australia ,
Belarus ,
Belarus Sanctions ,
Biden Administration ,
Blocked Entities ,
Blocked Person ,
Bureau of Industry and Security (BIS) ,
Canada ,
ECCNs ,
Economic Sanctions ,
Embargo ,
EU ,
Export Administration Regulations (EAR) ,
Export Controls ,
General Licenses ,
Japan ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
SDN List ,
Taiwan ,
Ukraine
Our International Trade & Regulatory Group addresses the new U.S. sanctions against Russia announced this week in response to its actions against Ukraine and summarizes the similar packages announced by key U.S. allies....more
2/25/2022
/ Biden Administration ,
Bureau of Industry and Security (BIS) ,
Canada ,
Crimea ,
Economic Sanctions ,
EU ,
Export Administration Regulations (EAR) ,
Financial Institutions ,
Foreign Policy ,
Germany ,
Japan ,
Military End Use ,
Office of Foreign Assets Control (OFAC) ,
Pipelines ,
Proposed Legislation ,
Russia ,
SDN List ,
Singapore ,
Taiwan ,
Technology ,
UK ,
Ukraine
Congress announced a compromise on the Uyghur Forced Labor Prevention Act this week, and the House passed the bill last night. Our International Trade & Regulatory Group details the bill’s enforcement strategy requirements...more
Our Financial Services & Products Group investigates the federal banking regulators’ roadmap for crypto-asset regulation in 2022 and a new OCC procedure national banks must comply with to conduct crypto-asset activities....more
New guidance from the Office of Foreign Assets Control seeks to help companies in the virtual currency industry with four specific objectives. Our Financial Services & Products and International Trade & Regulatory Groups...more
On October 15, 2021 the Financial Crimes Enforcement Network (FinCen) of the Treasury Department issued a financial trend analysis on ransomware relating to Bank Secrecy Act (BSA) reporting filed in the first half of this...more
Our Financial Services & Products Group studies the newly enacted anti-money laundering provisions of this year’s National Defense Authorization Act....more
The Financial Crimes Enforcement Network takes the first of likely many steps to reform the outdated Bank Secrecy Act / Anti-Money Laundering regulatory scheme. Our Financial Services & Products and White Collar, Government &...more
Our White Collar, Government & Internal Investigations Group highlights the most relevant additions and changes the Department of Justice and Securities and Exchange Commission have made to respond to the many significant...more
The Department of Justice revised its corporate compliance guidance for the third time in three years. Our White Collar, Government & Internal Investigations Team breaks down the key updates and offers insight to the DOJ’s...more
Our International Trade & Regulatory and White Collar, Government & Internal Investigations Groups review the Justice Department’s revised voluntary self-disclosure policy and find that it is a welcome change for companies...more
Our White Collar, Government & Internal Investigations Team examines some pragmatic revisions to the Department of Justice’s FCPA Corporate Enforcement Policy....more
The new sanctions announced by the Trump administration freeze all Venezuelan government assets in the United States and allow the Treasury Department to sanction any person, business or other entity that assists the Maduro...more
Our White Collar, Government & Internal Investigations, International Trade & Regulatory, and Financial Services & Products groups mine the latest federal guidance for ways financial institutions can best use the risk-based...more
The U.S. Office of Foreign Assets Control’s expansion of reporting requirements of rejected transactions could pose a serious problem. Our International Trade & Regulatory Group uncovers the dangers and potential pitfalls to...more
Our White Collar, Government & Internal Investigations Group discusses how new guidance from the Financial Action Task Force affects virtual asset service providers (VASPs) and others that deal with virtual assets....more
The TCPA: Who Will Dictate Its Reach – the FCC or the Courts?
Telephone Consumer Protection Act (TCPA) litigation has hit the federal courts in a tidal wave of class action claims with almost unlimited financial exposure....more
2/11/2019
/ Acquisitions ,
Anti-Money Laundering ,
Automatic Stay ,
Bank Secrecy Act ,
Banking Sector ,
Banks ,
Borrowers ,
FCC ,
Financial Institutions ,
Lenders ,
Mergers ,
TCPA
Just because a bank can doesn’t mean a bank should. Our Government & Internal Investigations Team discusses FinCEN’s new statement on banks that pool resources for Bank Secrecy Act and anti-money laundering compliance....more