Annotated Regulations

 

Over the past several years, the U.S. has increasingly turned to economic sanctions as a first response to geopolitical crises. In turn, both U.S. and non-U.S. companies are subject to an ever increasing array of rules and restrictions governing their cross-border transactions. These restrictions, often drafted with political motives rather than ease-of-use in mind, can be counterintuitive, vague, and altogether confusing, vague. Despite the difficulty in interpreting these regulations, the strict-liability nature of U.S. sanctions means that even good faith errors can result in adverse regulatory action.

A clear understanding of the requirements of U.S. sanctions regulations is therefore essential to any business, both in the United States and abroad.