The U.S.Treasury Department’s Office of Foreign Assets Control (“OFAC”) added Rosneft Trading SA (“Rosneft Trading”), a subsidiary of Russian oil major Rosneft Oil Company (“Rosneft”), to the List of Specially Designated...more
2/25/2020
/ Crude Oil ,
Debt Instruments ,
Economic Sanctions ,
General Licenses ,
Office of Foreign Assets Control (OFAC) ,
Oil & Gas ,
Risk Assessment ,
Russia ,
Sanction Violations ,
SDN List ,
Secondary Sanctions ,
SSI List ,
U.S. Treasury ,
Venezuela ,
Winding Down
Throughout his presidency, President Trump has used tariffs – and the threat of tariffs – to address an unprecedented variety of economic and national security threats. As if to underscore the point, on December 2, 2019, the...more
12/5/2019
/ Agricultural Sector ,
Aluminum Sales ,
Argentina ,
Brazil ,
China ,
Countervailing Duties ,
Country of Origin ,
Customs and Border Protection ,
Digital Services Tax ,
Duties ,
Exports ,
Foreign Trade Regulations ,
Foreign Trade Zones ,
France ,
Imports ,
International Emergency Economic Powers Act (IEEPA) ,
Manufacturers ,
Mexico ,
Requests for Exclusion ,
Risk Assessment ,
Risk Management ,
Secretary of Commerce ,
Section 232 ,
Section 301 ,
Steel Industry ,
Supply Chain ,
Tariff Classifications ,
Tariffs ,
Trade Act of 1974 ,
Trade Expansion Act of 1962 ,
Trade Wars ,
Trump Administration ,
US Trade Policies ,
USTR ,
WTO
The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued guidance on May 9, 2019, underscoring the application of the Bank Secrecy Act (BSA) and its implementing regulations relating to money...more
5/22/2019
/ Anti-Money Laundering ,
ATMs ,
Bank Secrecy Act ,
Casinos ,
Compliance ,
Convertible Virtual Currencies (CVCs) ,
Cryptocurrency ,
Digital Assets ,
Digital Currency ,
Enforcement Actions ,
Exemptions ,
Financial Institutions ,
FinCEN ,
Initial Coin Offering (ICOs) ,
Money Laundering ,
Money Services Business ,
Money Transfer ,
New Guidance ,
Payment Processors ,
Peer-to-Peer ,
Risk Assessment ,
Terrorism Funding ,
Trading Platforms ,
Virtual Currency
For years, regulators around the world have struggled with whether and how to police the offering and exchange of digital assets (including virtual currencies such as Bitcoin). In the United States, such efforts were stymied...more
12/17/2018
/ Bitcoin ,
Blockchain ,
Blocked Person ,
CFTC ,
Compliance ,
Cryptocurrency ,
Digital Assets ,
Economic Sanctions ,
FinCEN ,
Initial Coin Offering (ICOs) ,
Office of Foreign Assets Control (OFAC) ,
Risk Assessment ,
SDN List ,
Securities and Exchange Commission (SEC) ,
Virtual Currency