The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) on February 25, 2026, issued new guidance in FAQ 1238, stating that it will apply a "favorable licensing policy" to specific license applications...more
2/26/2026
/ Blocked Entities ,
Blocked Person ,
Cuba ,
Economic Sanctions ,
Energy Sector ,
Export Administration Regulations (EAR) ,
Export Controls ,
General Licenses ,
Imports ,
International Emergency Economic Powers Act (IEEPA) ,
New Guidance ,
Office of Foreign Assets Control (OFAC) ,
Oil & Gas ,
Reporting Requirements ,
SCOTUS ,
Tariffs ,
U.S. Commerce Department ,
Venezuela
The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has issued two general licenses to provide limited sanctions relief for Venezuela's oil sector after the Venezuelan National Assembly passed...more
2/5/2026
/ Compliance ,
Due Diligence ,
Economic Sanctions ,
Energy Sector ,
Foreign Investment ,
General Licenses ,
New Legislation ,
Office of Foreign Assets Control (OFAC) ,
Oil & Gas ,
Reporting Requirements ,
U.S. Treasury
President Donald Trump on January 29, 2026, signed an executive order (EO), "Addressing Threats to the United States by the Government of Cuba," which authorizes tariffs on goods from countries that sell or provide oil to...more
The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) on Oct. 24, 2025, designated the Republic of Colombia's sitting president, Gustavo Francisco Petro Urrego (Petro), pursuant to Executive Order (EO)...more
10/30/2025
/ Blocking Sanctions ,
Colombia ,
Drug Trafficking ,
Economic Sanctions ,
Executive Orders ,
Foreign Policy ,
Illegal Drugs ,
Office of Foreign Assets Control (OFAC) ,
Risk Management ,
SDN List ,
U.S. Treasury
The U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) on March 11, 2025, issued a Geographic Targeting Order (the Southwest GTO) as part of a "whole-of-government approach" to leverage all...more
3/14/2025
/ Anti-Money Laundering ,
Bank Secrecy Act ,
BSA/AML ,
Cartels ,
Executive Orders ,
Financial Services Industry ,
FinCEN ,
Geographic Targeting Order ,
Human Trafficking ,
Money Laundering ,
Reporting Requirements ,
Significant Transnational Criminal Organization ,
Trump Administration ,
U.S. Treasury
President Donald Trump announced on Feb. 26, 2025, that he was reversing the authorization granted to Chevron Corp. and its subsidiaries (Chevron) by the Biden Administration as a concession aimed at promoting free elections...more
3/7/2025
/ Chevron ,
Economic Sanctions ,
Energy Sector ,
Financial Services Industry ,
Foreign Investment ,
General Licenses ,
Human Rights ,
Office of Foreign Assets Control (OFAC) ,
Oil & Gas ,
Subsidiaries ,
Trump Administration ,
U.S. Treasury ,
Venezuela
U.S. President Donald Trump issued Executive Order 14157 (the EO) on Jan. 20, 2025, calling for the designation of drug cartels and other foreign organizations as foreign terrorist organizations (FTOs) or specially designated...more
President Donald Trump on Jan. 20, 2025, issued various immigration-related Executive Orders (EOs) and presidential actions that could have an immediate and lasting impact on Latin American countries. President Trump's...more
2/3/2025
/ Economic Sanctions ,
Executive Orders ,
Foreign Policy ,
Immigration Procedures ,
International Emergency Economic Powers Act (IEEPA) ,
International Trade ,
Latin America ,
Office of Foreign Assets Control (OFAC) ,
Retaliation ,
Tariffs ,
Trump Administration
Within hours after taking office on Jan. 20, 2025, U.S. President Donald Trump signed an omnibus executive order revoking 78 executive actions by the previous administration, dating back to 2021. Among them, President Trump...more
Besides certain expansions on remittances in 2022, the White House, on Jan. 14, 2025, issued a statement announcing President Joe Biden's plans to relax sanctions on Cuba through a series of broad measures aimed at improving...more
1/17/2025
/ Biden Administration ,
Bureau of Industry and Security (BIS) ,
Cuba ,
Economic Sanctions ,
Export Controls ,
Foreign Policy ,
National Security ,
Office of Foreign Assets Control (OFAC) ,
State Sponsors of Terrorism ,
Trump Administration ,
U.S. Treasury
The U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) on July 26, 2024, issued a notice containing a reference guide for customers of financial institutions (the Reference Guide). The Reference...more