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Risk Assessment Russia

Skadden, Arps, Slate, Meagher & Flom LLP

EU’s 14th Sanctions Package: Compliance Obligations Expand and Exits Are Facilitated

On 24 June 2024, the European Union (EU) adopted its 14th sanctions package directed against Russia, imposing an asset freeze against an additional 116 individuals and entities and expanding sectoral sanctions targeting key...more

Fenwick & West LLP

BIS Endorses TIP Screening Tool as Heightened Diversion Risks Continue

Fenwick & West LLP on

Earlier this week, the U.S. Bureau of Industry and Security (BIS) published new guidance on identifying and responding to parties that present a risk of diversion of export-controlled items to countries or entities of...more

Morrison & Foerster LLP

Commerce Issues First-Ever ICTS “Final Determination” Banning Kaspersky Cybersecurity Products

On June 24, 2024, the Commerce Department published a Final Determination under its Information and Communications Technology and Services (ICTS) authorities. The determination prohibits the Russian-controlled cybersecurity...more

K&L Gates LLP

Brussels Regulatory Brief: April 2024

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Antitrust and Competition - European Commission Charges Company with Providing Incorrect, Incomplete, and Misleading Information During a Merger Control Proceeding - On 19 March 2024, the European Commission (Commission) sent...more

American Conference Institute (ACI)

[Event] 23rd Annual Canadian Forum on Anti-Money Laundering and Financial Crime - June 5th - 6th, Toronto, Ontario, Canada

Hosted by the Canadian Institute, the 23rd Annual Canadian Forum on Anti-Money Laundering and Financial Crime returns for another exciting year. The event features carefully curated programming providing practical guidance...more

Morrison & Foerster LLP

OFAC Issues Omnibus Accounts Enforcement Case Involving Russia and Other Sanctions Programs

On March 14, 2024, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced its first enforcement case of the year and its first ever involving dealings with a Russian designated for sanctions...more

Pillsbury Winthrop Shaw Pittman LLP

FinCEN’s Proposed Rule to Regulate Investment Advisers: The Questions Industry Should Be Following

FinCEN is focused on customer due diligence, and both the 2024 Investment Adviser Risk Assessment and proposed rule indicate that investment advisers will be expected to assess customer identity, business model, and sources...more

Mayer Brown

UK Weekly Sanctions Update - Week Of January 22, 2024

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In this weekly update, we summarise the most notable updates in the UK sanctions world. 1. Russia Sanctions - UK Government adds Russian-based cyber hacker under Cyber regime: On January 23, 2024, the UK Government,...more

Skadden, Arps, Slate, Meagher & Flom LLP

EU Commission Issues Guidance for EU Companies on Enhanced Due Diligence To Prevent Sanctions Circumvention

On 7 September 2023, the European Commission (Commission) published a guidance note (the Guidance) for EU businesses on the circumvention of sanctions. The Guidance outlines the essential components for a company’s compliance...more

WilmerHale

Defense Contractors Will Face Higher Risks as Spending Increases

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Ongoing geopolitical developments such as Russia’s war in Ukraine and tensions between China and Taiwan have continued to fuel higher US military spending. The demand for military weapons is the strongest it has been in...more

Smith Anderson

Reminders for the 2023 Annual Report and Proxy Season

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As public companies prepare their 2022 annual reports and 2023 proxy statements, they will need to contend with a host of new requirements and disclosure updates stemming from the current geopolitical and economic...more

Latham & Watkins LLP

Navigating Sanctions in M&A: Seven Questions for Deal Teams to Consider

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M&A deal teams face complicated legal issues amidst rapidly changing global sanctions and guidance. Russia’s invasion of Ukraine has created new headwinds for M&A dealmakers, as a complicated matrix of sanctions and...more

Morrison & Foerster LLP

UK Authorities Issue Red Alert on Russia Sanctions Evasion Typologies

On 13 July 2022, the National Economic Crime Centre, a multi-agency unit in the National Crime Agency (NCA), and the Office of Financial Sanctions Implementation, working in conjunction with law enforcement and financial...more

Wiley Rein LLP

Rethinking the Cybersecurity Challenge from an Intelligence Community Perspective

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Director of National Intelligence (DNI) Avril Haines was interviewed by Michele Flournoy, Co-Founder and Managing Partner at WestExec Advisors and former Under Secretary of Defense for Policy, on the first day of the RSA...more

The Volkov Law Group

Avoiding Compliance Overkill — Properly Assess and Manage Tangible Risks

The Volkov Law Group on

The uptick in recent sanctions activity caused in large part by the Russian Federation’s unprovoked and unilateral invasion of Ukraine has caused absolute pandemonium in many compliance circles. While the U.S. Department of...more

K2 Integrity

Sanctions Against Russia: Understanding the Evolving Picture and How to Respond

K2 Integrity on

...Since the start of the invasion of Ukraine by Russian forces on February 24, the United States (U.S.), United Kingdom (UK), and the European Union (EU) have led a global sanctions campaign against Russia that has been...more

Benesch

Ransomware Response Complicated by Growing Number of Sanctions in Wake of Russian invasion of Ukraine

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Entities facing significant legal risk, no matter the circumstances, if they make ransom payments to attackers connected to, or originating from Russia. As the Russian invasion of Ukraine continues, the U.S. government...more

Latham & Watkins LLP

IFLR M&A Report - 2022

Latham & Watkins LLP on

The recovery of the M&A market since the early days of the pandemic has been impressive. Even allowing for varying treatment of Covid-19 winners and losers, deal processes for resilient assets (and even for less obviously...more

Greenbaum, Rowe, Smith & Davis LLP

President Biden Calls on Private Sector Businesses to Implement Heightened Cybersecurity Risk Protocols

What You Need to Know- •President Biden has called upon private sector businesses to take specific steps to implement certain “best practices” aimed at minimizing their cybersecurity risks in light of heightened concerns...more

Tucker Arensberg, P.C.

Biden Warns of Imminent Cyberattacks and New Regulations– Is Your Business Prepared?

Tucker Arensberg, P.C. on

Our clients in financial services, technology, and manufacturing industries, take note of this important new piece of legislation. On March 21, 2022, President Biden warned American businesses to prepare for imminent...more

Bressler, Amery & Ross, P.C.

State Regulators Address Russian Aggression in the Ukraine and Warn Their Regulated Industries to be Prepared

Following on the heels of the New York Department of Financial Services February 25, 2022 letter to regulated entities regarding the “Escalating Situation in Ukraine and the Impact to Financial Sector,” on March 2, 2022,...more

Perkins Coie

Blockchain Week in Review - March 2022

Perkins Coie on

...Treasury Releases National Risk Assessments - The U.S. Department of the Treasury (Treasury) issued the 2022 National Risk Assessments (NRAs) on (1) money laundering, (2) terrorist financing, and (3) proliferation...more

Goodwin

FinCEN Warns Against Evasion of Russian Sanctions

Goodwin on

In this Issue. The Financial Crimes Enforcement Network (FinCEN) published an alert warning financial institutions of possible efforts to evade U.S.-imposed sanctions on Russia and Belarus; the U.S. Department of the Treasury...more

A&O Shearman

U.S., EU, U.K., And Allies Target Russia For Ukraine Invasion

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Over the past week, the United States, European Union, United Kingdom and several other countries imposed rounds of sweeping new sanctions on Russia in response to its invasion of Ukraine. Between February 21 and 23, 2022,...more

Levenfeld Pearlstein, LLC

Federal Agency Issues ‘Shields Up’ Warning regarding Preparation for Disruptive Cyber Activity

The U.S. Cybersecurity & Infrastructure Agency (CISA) has issued a rare “shields up” warning regarding cybersecurity attacks, saying that every organization, of every size, should be prepared to respond to disruptive cyber...more

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