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National Security Act Ushers In Sweeping Changes to Sanctions Regulations

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

The United States and Its Allies Impose Unprecedented Sweeping “Second Tranche” of Economic Sanctions and Export Controls in...

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

U.S. and Allies Impose “First Tranche” of New Economic Sanctions in Response to Russian Action in 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

How Can Companies Use OFAC’s New Guidance on Virtual Currency?

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

Treasury FinCEN Releases Financial Trend Analysis of Ransomware Trends in 2021

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

Venezuela Executive Order Regulatory Update

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

OFAC Now Requires All U.S. Companies to Report Business Rejected Due to Sanctions

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

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