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
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
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
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
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