On October 18, 2021, the U.S. Department of the Treasury released the results of its broad review of economic and financial sanctions. The review, initiated by the Biden administration, included discussions with Congress,...more
On June 3, 2021, President Joe Biden issued Executive Order 14032 (EO 14032) amending and, in effect, recasting Executive Order 13959 of November 12, 2020 (EO 13959), which restricted U.S. persons from purchasing and selling...more
On April 15, 2021, President Joe Biden issued Executive Order 14024, titled the “Executive Order on Blocking Property With Respect to Specified Harmful Foreign Activities of the Government of the Russian Federation,” which...more
In response to the February 1, 2021, military coup in Burma (Myanmar), on February 10, 2021, President Joe Biden issued Executive Order 14014 (EO 14014), “Executive Order on Blocking Property With Respect to the Situation in...more
In April 2019, Secretary of State Mike Pompeo announced that the U.S. government would allow a private right of action, created by Title III of the Cuban Liberty and Democratic Solidarity (Libertad) Act of 1996 (also known as...more
5/10/2019
/ Blocking Statutes ,
Canada ,
Confiscated Property ,
Cuba ,
EU ,
Expropriation ,
FSCS ,
Helms-Burton Act ,
Personal Remittance Caps ,
Private Right of Action ,
Sanction Suspensions ,
Sanctions ,
Third-Party ,
Title III ,
Trafficking ,
Travel Restrictions ,
Treble Damages ,
Trump Administration ,
UK ,
US Department of State
A new French law titled “Transparency, the Fight Against Corruption and Modernization of the Economy,” which was published in the French Official Journal on December 10, 2016 (known as Sapin II, as it was named after the...more
12/21/2016
/ Anti-Corruption ,
Bribery ,
Code of Conduct ,
Compliance ,
Data Protection Authority ,
Deferred Prosecution Agreements ,
France ,
Remediation ,
Risk Assessment ,
Sanctions ,
Sapin II ,
Transparency ,
Whistleblower Protection Policies
On September 21, 2015, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) and the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) amended their respective Cuba regulations to...more
9/30/2015
/ Airlines ,
Bureau of Industry and Security (BIS) ,
Cuba ,
Cuban Assets Control Regulations (CACR) ,
Export Administration Regulations (EAR) ,
Export Controls ,
Financial Institutions ,
Financial Transactions ,
Information Technology ,
Internet Service Providers (ISPs) ,
Licenses ,
Office of Foreign Assets Control (OFAC) ,
Physical Presence Test ,
Sanctions ,
Telecommunications ,
U.S. Commerce Department ,
Vessels
On April 1, 2015, President Barack Obama issued an executive order (the Order) authorizing sanctions against foreign individuals or entities found to be responsible for certain malicious cyberattacks. Under the Order, the...more
In response to the protracted crisis in Ukraine, the Obama administration authorized traditional and innovative economic sanctions against Russian and Ukrainian persons through Executive Orders 13660, 13661, 13662 and 13685....more
Since the 1960s, the United States has maintained an embargo on Cuba that in many respects is the most comprehensive set of economic and trade restrictions on any country. On January 16, 2015, amendments to regulations issued...more
1/21/2015
/ Amended Regulation ,
Banking Sector ,
Bureau of Industry and Security (BIS) ,
Cuba ,
Embargo ,
Executive Orders ,
Exports ,
Imports ,
Obama Administration ,
Office of Foreign Assets Control (OFAC) ,
Sanctions ,
Telecommunications ,
Trade Relations ,
Travel Permits
On April 25, 2014, following a meeting of the G7 in which member countries broadly agreed to take further action against Russia in response to political violence and unrest in Ukraine, U.S. officials imposed sanctions against...more
On April 28, 2014, as part of its evolving response to the situation in Ukraine, the White House announced new restrictions on exports of “high-technology” items and services to Russia and Crimea. The announcement also...more
Last week the United States and European Union continued to ramp up economic sanctions related to events in Ukraine and Russia. Because the most recent round of sanctions is likely to have a much broader reach, entities must...more
In the wake of Sunday’s referendum in Crimea to secede from Ukraine, the United States and the European Union imposed economic sanctions on several high-level public officials in Ukraine and Russia. Please see our alert dated...more
With the events unfolding in Ukraine, many entities are assessing the potential impact on their international activities of U.S. and European sanctions. This alert highlights some key aspects of the U.S. and EU sanction...more