News & Analysis as of

Office of Foreign Assets Control (OFAC) New Rules

A&O Shearman

DOJ/CISA finalize new rules regarding data transfers to countries of concern

A&O Shearman on

On December 27, 2024, the U.S. Department of Justice (DOJ) announced its final rule on the transfer of certain bulk sensitive personal data to China, Russia, and other countries. Following this, on January 3, 2025, the U.S....more

Skadden, Arps, Slate, Meagher & Flom LLP

New BIS Rule Imposes Stringent Export Control Restrictions Targeting Large Number of OFAC-Sanctioned Parties

On March 21, 2024, the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) published a final rule amending the Export Administration Regulations (EAR) by imposing “end user” export control restrictions against...more

Sheppard Mullin Richter & Hampton LLP

OFAC Sanctions Crypto Mixer Following Allegations of Laundering Funds to North Korea

The U.S. authorities are increasingly taking actions against big-name crypto mixers for potential violations of sanctions regulations. On November 29, 2023, the U.S. Department of Treasury’s Office of Foreign Assets Control...more

Torres Trade Law, PLLC

Post-G7 Sanctions – Putting the G7 Leaders Voiced Concerns into Action

Torres Trade Law, PLLC on

In May 2023, the leaders of the United States, Canada, France, Germany, Italy, Japan, and the United Kingdom gathered in Hiroshima, Japan, for the annual G7 summit. The symbolic significance of these global leaders meeting in...more

Fenwick & West LLP

US Imposes New Sanctions and Export Controls on Anniversary of War in Ukraine

Fenwick & West LLP on

On February 24, 2023, the U.S. Department of the Treasury Office of Foreign Assets Control (OFAC) and the U.S. Department of Commerce Bureau of Industry and Security (BIS) expanded the scope of trade control measures...more

Morgan Lewis

US Announces New Restrictions on Export of Luxury Goods to Russia

Morgan Lewis on

Dear Retail Clients and Friends, President Joseph Biden issued Executive Order 14068 on March 11 expanding prohibitions on trade with Russia and announcing new restrictions on Russian imports, exports, and...more

Hogan Lovells

US Restricts Exports of Luxury Goods to Russia and Belarus

Hogan Lovells on

The United States Department of Commerce Bureau of Industry and Security (BIS) announced a rule restricting the export of luxury goods to all end-users in the Russian Federation, Belarus, and to select individuals regardless...more

Davis Wright Tremaine LLP

Deadline Approaching for Filing Newly Expanded OFAC Annual Report of Blocked Property

The September 30 deadline is fast approaching for submitting the Annual Report of Blocked Property (ARBP) to the U.S. Department of Treasury Office of Foreign Assets Control (OFAC). ...more

Sheppard Mullin Richter & Hampton LLP

Retrenchment on Cuban Sanctions; The Search for a Middle Ground

The Trump Administration has made good on its promise to cut back on the liberalized Cuban policy implemented by the Obama Administration with a new regime that introduces new travel restrictions as well as broad prohibitions...more

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