On March 4, 2025, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued Venezuela General License 41A, “Authorizing the Wind Down of Certain Transactions Related to Chevron Corporation’s Joint...more
As has been widely reported, the U.S. policy of “maximum pressure” towards Iran has returned. On February 4, 2025, the Trump administration (the “Administration”) issued a national security memorandum (the “Memorandum”)...more
On January 10 and January 15, 2025, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced sweeping sanctions targeting Russia’s oil production and exports, military-industrial base, and other...more
On August 9, 2023, former-President Biden issued Executive Order 14105, Addressing United States Investments in Certain National Security Technologies and Products in Countries of Concern, which in summary directed the U.S....more
1/24/2025
/ Artificial Intelligence ,
Biden Administration ,
CFIUS ,
China ,
Executive Orders ,
Foreign Direct Investment ,
National Security ,
Reporting Requirements ,
Semiconductors ,
Trump Administration ,
U.S. Treasury
2024 has already been a busy year for sanctions on Russia, with the implementation of new sanctions and intensifying enforcement of existing sanctions authorities, with no signs of slowing down....more
On August 9, 2023, President Biden issued Executive Order 14105 “Addressing United States Investments in Certain National Security Technologies and Products in Countries of Concern.” The Executive Order targets certain U.S....more
8/18/2023
/ Advanced Notice of Proposed Rulemaking (ANPRM) ,
Artificial Intelligence ,
China ,
ETFs ,
Executive Orders ,
Foreign Investment ,
Hong Kong ,
Investment ,
Joe Biden ,
Macau ,
National Security ,
Notification Requirements ,
Outbound Transactions ,
Penalties ,
Rulemaking Process ,
Semiconductors ,
Technology Sector ,
U.S. Treasury
Shipping companies should remain focused on sanctions compliance for 2023. The sanctions space has been bursting with activity as a result of the Russia-Ukraine war, which shows no signs of abating. Companies continue to seek...more
4/7/2023
/ Civil Monetary Penalty ,
Economic Sanctions ,
Enforcement Actions ,
Iran Sanctions ,
Office of Foreign Assets Control (OFAC) ,
Regulatory Oversight ,
Russia ,
Sanction Violations ,
Shipping ,
Transportation Industry ,
U.S. Treasury
On December 20, 2022, the Department of Treasury’s Office of Foreign Assets Control (“OFAC”) announced that it was amending its regulations in multiple sanctions programs to reflect that the property and interests in property...more