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OFAC Issues Advisory on Ransomware Payments

On October 1, 2020, the U.S. Treasury’s Office of Foreign Assets Control (OFAC) issued an advisory regarding the potential sanctions risk for entities that facilitate ransomware payments. OFAC defined “ransomware” as: A form...more

National Security Acquisitions and Foreign Trade Support in the $2 Trillion COVID-19 Stimulus Package

On March 27, 2020, President Trump signed into law the largest spending bill in U.S. history in an effort to combat the COVID-19 pandemic. One focus of the bill is on ensuring that sufficient amounts of critical materials are...more

Export-Import Bank Temporarily Expands Key Programs to Help U.S. Exporters Cope with the COVID-19 Crisis

The Export-Import Bank of the United States (EXIM) has announced the temporary expansion or establishment of four financing programs to help exporters cope with the COVID-19 crisis. The crisis has caused a multitude of...more

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