News & Analysis as of

U.S. Treasury Licensing Rules

Hogan Lovells

CFIUS Q4 Developments

Hogan Lovells on

In the fourth quarter of 2020, the major CFIUS development was the significant revision of one of CFIUS’s two mandatory filing programs. Specifically, on 15 September 15 2020, the Department of Treasury (the Treasury) issued...more

Holland & Knight LLP

Treasury Department Issues New Guidance on Hemp Banking

Holland & Knight LLP on

The Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of the Treasury, issued new guidelines on June 29, 2020, for providing banking services to the hemp industry. Hemp that meets the low-THC...more

K&L Gates LLP

Ferry Service Between The United States And Cuba—Imminent Or Not?

K&L Gates LLP on

Recent decisions by the Office of Foreign Assets Control (OFAC) of the Department of Treasury have increased the prospects for regular air and vessel service to and from Cuba. Those decisions do not open the floodgates for...more

Eversheds Sutherland (US) LLP

New Final Regs on Use of Differential Income Stream in Evaluating Cost-Sharing Arrangements

On August 26, 2013, the United States Treasury Department issued new final regulations under Internal Revenue Code (IRC) Section 482. The new regulations provide guidance on the “income method” for determining taxable income...more

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