Following months of delays and intense debate in Congress, President Biden signed H.R. 815 into law on April 24, 2024, which made headlines for funding $95 billion in military aid to Ukraine, Israel, and Taiwan, along with...more
5/6/2024
/ Bureau of Industry and Security (BIS) ,
CFIUS ,
Department of Justice (DOJ) ,
Economic Sanctions ,
EU ,
Foreign Aid ,
International Emergency Economic Powers Act (IEEPA) ,
Israel ,
Office of Foreign Assets Control (OFAC) ,
Sanction Violations ,
Statute of Limitations ,
Taiwan ,
TikTok ,
UK ,
Ukraine
This presentation will provide an overview of U.S. sanctions principles and developments, with a focus on the Biden Administration’s sanctions imposed on Russia as a result of its invasion of Ukraine....more
5/25/2022
/ Biden Administration ,
Blocking Sanctions ,
Continuing Legal Education ,
Economic Sanctions ,
Enforcement ,
Executive Orders ,
Export Controls ,
Exports ,
Foreign Investment ,
Licenses ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
SSI List ,
Ukraine ,
Webinars
Since February 24, 2022, Russia’s invasion of Ukraine has led to unimaginable human suffering, a growing refugee crisis and a rising death toll. The invasion sparked a global response as governments moved to sanction the...more
3/30/2022
/ Airspace ,
Aviation Industry ,
Bureau of Industry and Security (BIS) ,
Economic Sanctions ,
EU ,
Export Administration Regulations (EAR) ,
Exports ,
Financial Markets ,
Insurance Industry ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
Ukraine
On October 20, 2020, the Treasury Department’s Office of Foreign Assets Control (“OFAC”) announced that it had reached a $4.1 million settlement with Berkshire Hathaway, Inc., the multinational conglomerate holding company...more
On October 1, 2020, the Office of Foreign Assets Control (“OFAC”) issued guidance warning of potential sanctions risks for making ransomware payments related to malicious cybersecurity incidents. The same day, the Financial...more
On Thursday, April 16 and Monday, April 20, 2020, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) made announcements to address the global COVID-19 crisis, recognizing both that providing...more
The U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) had a busy week last week. In addition to adding names of individuals to its list of Specially Designated Nationals (“SDNs”) and releasing its...more