Department of Justice (DOJ), Prohibited Transactions, Office of Foreign Assets Control (OFAC)

Practical Issues and the New DSP (Part II of III)

The Volkov Law Group on 4/23/2025

Like any new regulatory and enforcement scheme, companies face a number of new risks that require understanding. The DSP framework is new, comprehensive and raises significant risks and requires careful design and...more

DOJ Issues Rule Addressing Threat Posed by Foreign Adversaries’ Access to Americans’ Sensitive Personal Data

Hinch Newman LLP on 12/30/2024

On Friday, December 27, 2024, the Justice Department issued a final rule to address “urgent national security risks posed by access to U.S. sensitive personal and government-related data from countries of concern and covered...more

US Government Moves to Regulate Cross-Border Transactions Involving Sensitive Data

Goodwin on 3/8/2024

In a sweeping, coordinated effort across federal agencies, the US government has taken a giant leap forward to prevent access to data that could be exploited to the detriment of national security. On February 28, 2024,...more

Honesty is Good for Your Bottom Line: Commerce, Treasury, and DOJ Tout the Benefits of Voluntary Self Disclosure in Tri-Seal...

Venable LLP on 8/2/2023

Voluntary self-disclosure is a valuable remediation measure for companies who identify their own potential violations of U.S. sanctions, export controls, and other national security laws....more

Your Questions, Answered – Russia Sanctions: Impact on Your Third-Party Compliance Webinar

NAVEX on 5/27/2022

Recently, NAVEX hosted a webinar featuring Michael Volkov and Jessica Sanders from the Volkov Law Group, titled Russia Sanctions: Impact on Your Third-Party Compliance. If you missed the webinar, visit the events page to...more

Resolutions Highlight Aggressive Sanctions Enforcement, Need For Senior Level Commitment to Compliance

Cozen O'Connor on 7/22/2020

On July 16, 2020, Essentra FZE Co. Ltd., a manufacturer of components for cigarettes located in the United Arab Emirates, agreed to a settlement with the U.S. Department of the Treasury’s Office of Foreign Assets Control...more