The Senate has taken a big step towards reclaiming Congress’ prerogatives over the application of U.S. economic sanctions, including, in particular, the decision to lift and/or ease U.S. sanctions on a target State.
On June 8, 2017, OFAC announced a settlement with the American Honda Finance Corporation for apparent violations of the CACR. Does OFAC’s application of the Enforcement Guidelines compute, though?
The DC Circuit Court of Appeals engaged in an interpretive exercise as to the scope of the Iran export ban in Epsilon v. OFAC. The Court’s holding has important implications for US exporters.
On May 18, 2017, acting pursuant to Executive Order 13692, OFAC designated eight members of Venezuela’s Supreme Court of Justice for judicial decisions that allegedly “usurped the authority of Venezuela’s democratically-elected legislature.”
The United States has entered a historic agreement with its Gulf Arab partners to target terror finance networks. But is the news of this agreement all good?