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Foreign Assets Office of Foreign Assets Control (OFAC)

Cooley LLP

War and Office of Foreign Assets Control Exclusions: Insurance Policy Language Matters

Cooley LLP on

Nearly two weeks into the Russian invasion of Ukraine, numerous companies are focused on how the war might impact their business, including their insurance coverage. This advisory provides a high-level overview of two types...more

Foley Hoag LLP - Security, Privacy and the...

Is Paying Ransomware Grounds for OFAC Sanctions? OFAC Says "Maybe"….

On October 1, 2020, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued an advisory to alert companies that might pay ransomware attackers of the potential sanctions risks for facilitating...more

Husch Blackwell LLP

U.S. Increases Pressure On Russian Gas Pipelines with Imposition Of New CAATSA Secondary Sanctions; Issues New General Licenses...

Husch Blackwell LLP on

The U.S. Department of State recently published updated guidance pertaining to Section 232 of the Countering America’s Adversaries Through Sanctions Act (“CAATSA”). The revised guidelines subject energy export pipelines...more

Husch Blackwell LLP

OFAC Issues Two New General Licenses For Companies Doing Business With GAZ Group

Husch Blackwell LLP on

The U.S. Treasury’s Office of Foreign Assets Control (“OFAC”) has recently issued two new General Licenses to extend pre-existing authorizations for transactions with GAZ Group that would otherwise be prohibited under OFAC’s...more

Foodman CPAs & Advisors

Las deficiencias o debilidades en un Programa de Cumplimiento de Sanciones de la OFAC pueden conducir a Acciones Administrativas...

El 2 de mayo de 2019, la “OFAC”  (Oficina de Control de Activos Extranjeros) publicó una guía titulada “Un Marco de Referencia para los Compromisos de Cumplimiento de la OFAC”. ...more

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