<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/15th-berlin-forum-on-global-economic-sanctions/"></div>15th Berlin Forum on Global Economic Sanctions 8-9 June 2022 | Courtyard by Marriott Berlin City Center, Berlin C5 invites you to attend the 15 th Berlin Forum on Global Economic Sanctions on 8-9 June 2022 at theCourtyard by Marriott Berlin City Center, Berlin! Industry across Europe is confronting an increasinglyunpredictable economic sanctions landscape-amid rapid […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via filter on get_the_excerpt --><!
Category : Blog
<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/sanctions-compliance-a-unique-approach-for-conglomerates/"></div>The U.S. Department of the Treasury’s Office of Foreign Assets Control’s (“OFAC”) January 2022 settlement agreement with Sojitz (Hong Kong) Limited for alleged violations of the Iranian Transactions and Sanctions Regulations (“ITSR”), 31 C.F.R. Part 560, is an important reminder of how conglomerates—which are typically multinational—can run afoul of U.S. economic sanctions. The global reach […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below
<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/medical-supply-and-agricultural-transaction-considerations-for-russia-ukraine-u-s-sanctions-and-export-controls/"></div>U.S. economic sanctions programs and export controls generally have a soft spot for transactions related to the supply of agricultural commodities, medicine, and medical devices (“AgMed”). This is not only because certain sanctioned countries (e.g. Iraq) have experienced humanitarian catastrophes as a result of sanctions themselves, but the Trade Sanctions Reform and Export Enhancement Act […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via filter on
<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/benchmarking-sanctions-compliance-programs-with-the-help-of-prior-ofac-enforcement-actions/"></div>When creating or enhancing a U.S. economic sanctions compliance program, businesses will typically refer to certain published guidance from the U.S. Government that may include the U.S. Department of the Treasury’s Office of Foreign Assets Control’s (“OFAC”) A Framework for OFAC Compliance (“Compliance Framework”), the U.S. Department of Justice’s Evaluation of Corporate Compliance Programs (Updated […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced
<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/the-russians-are-coming-maybe-risk-mitigation-tips-for-potential-u-s-economic-sanctions-and-export-controls/"></div>Tune into your favorite news network these days and there’s a lot of speculation on how the United States and its allies (mainly the European Union and the United Kingdom) may respond to a Russian military invasion of Ukraine, especially with coordinated economic sanctions and export controls. However, it is still possible to sift through […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via filter on get_
<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/14th-annual-advanced-forum-on-u-s-economic-sanctions-enforcement-and-compliance/"></div>The 14th Annual Advanced Forum on Economic Sanctions Enforcement and Compliance is widely regarded as the flagship event for senior executives and practitioners, who work in the areas of global sanctions compliance, internal audits and investigations, international trade, banking, insurance, forensic accounting and white-collar crime. FEATURING KEYNOTE SPEAKERS: Andrea Gacki, Director of the Office of […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via filter on get_the_
<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/a-little-bit-of-guidance-on-ofac-general-license-g/"></div>Recently, I reviewed a response by the United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) to a request for interpretative guidance, or in the alternative, specific license authorization. Here is a run down of the basic facts that were responded to: a U.S. entity sought to collaborate and partner with Iranian […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via filter on
<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/clean-up-duty-ofac-acknowledges-an-unblocking-under-the-50-percent-rule-and-re-issues-venezuela-related-general-licenses/"></div>Yesterday, the United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) announced that it was issuing two revised general licenses issued under the Venezuela Sanctions Regulations (“VSR”), 31 C.F.R. Part 591, and made conforming changes to two previously issued Frequently Asked Questions (“FAQs”). What prompted this action, you ask? An affirmative determination […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via filter on
<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/ofac-continues-iran-designations-despite-covid-19-outbreak/"></div>Despite most of the world being in self-quarantine mode to prevent the spread if COVID-19, the United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”)–as well as the United States Department of State–have continued their work of targeting Iranian individuals and companies, as well as those acting for or on their behalf […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via
<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/conviasa-is-ofac-closing-the-cabin-door/"></div><!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via filter on get_the_excerpt --><!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons above via filter on get_the_excerpt --><!-- AddThis Share Buttons below via filter on get_the_excerpt --><div class="at-below-post-cat-page addthis_tool" data-url="https://