Global Trade & Foreign Policy Insights
Sort by:
16 results
August 15, 2022
|3 min read
OFAC Sanctions a Second Virtual-Currency Mixer
mixer—Tornado Cash (“Tornado”)—which was used to launder several billion dollars’ worth of virtual currency, including funds stolen by a North Korean
state-sponsored hacking group.
May 13, 2022
|9 min read
14071 of April 6, 2022, Prohibiting New Investment in and Certain Services to the Russian Federation in Response to Continued Russian Federation Aggression,
determining that effective 12:01am ET, June 7, 2022, U.S. Persons are prohibited to directly or indirectly export, reexport, sell, or supply accounti...Read more
November 4, 2021
|4 min read
OFAC’s Eye on Virtual Currencies – Cryptocurrency Regulation and Enforcement Updates
several years. In the past few months, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued two publications highlighting its
growing focus on the virtual currency industry
August 31, 2021
|2 min read
OFAC Identifies SDNS Under PEESA Authorities and Clarifies Scope
activities related to the construction of those pipelines and adding several individuals, entities, and vessels to the Office of Foreign Assets Control’s (OFAC)
Specially Designated Nationals and Blocked Persons List (SDN List).
August 13, 2021
|4 min read
exporters/re-exporters of certain U.S.-origin goods that the United States Government remains committed to promoting the ability of the Cuban people to
seek, receive, or import.
June 4, 2021
|4 min read
Chinese Military Industrial Complex Companies authority. The new authority is more aggressive and provides greater clarity than the November 2020
Executive Order.
March 19, 2021
|4 min read
on multiple occasions.
September 24, 2020
|3 min read
Trump Administration Issues Further Restrictions on Cuba
(CACR) to further implement President Trump’s foreign policy objective of denying the Cuban regime sources of revenue. These changes will have a
significant effect on persons subject to U.S. jurisdiction doing business in Cuba.
August 7, 2020
|3 min read
and restricting the freedom of expression or assembly of the citizens of Hong Kong.” The new additions to the Specially Designated Nationals (SDN) list come
just a month after Beijing passed a national security law that implemented new national security measures, gave Beijing significantly more influe...Read more
April 7, 2020
|10 min read
Financial Institutions – Regulatory Response and Considerations Related to the COVID-19 Pandemic
continuing to date, federal financial institution regulators and related government agencies have released guidance to address concerns.
March 26, 2020
|6 min read
U.S. Government to Increase Compliance Obligations for Maritime Sector
effect on the worldwide maritime industry. The measures were set out by David Peyman, the Deputy Assistant Secretary (DAS) of State for Counter Threat
Finance and Sanctions in an interview at the Foundation for Defense of Democracy.
January 7, 2020
|5 min read
Texas District Court Vacates $2 Million OFAC Penalty Against EXXON
million penalty against Exxon Mobil Corporation (Exxon). In its Order, the Court concluded that Plaintiffs, Exxon, lacked fair notice that their conduct was
prohibited.
November 8, 2019
|2 min read
OFAC Issues Limited General License for Cosco Shipping Tanker Units
U.S. sanctions on Iran.
October 16, 2019
|5 min read
U.S. Imposes Sanctions on Portions of the Turkish Government
Situation in Syria” (the “E.O.”) targeting the Turkish Government for the recent military offensives into northeast Syria.
September 25, 2019
|2 min read
OFAC Restores Shipping Company to Life
motor tanker NEW HELLAS, from OFAC’s Specially Designated Nationals list.
August 22, 2019
|3 min read
Unique Challenges for U.S. Companies After New Designation of the Government of Venezuela
property and interests in property from the Government of Venezuela, U.S. and foreign companies have struggled to interpret its scope. That struggle has led
many to submit specific license applications or requests for interpretative guidance from the U.S. Department of the Treasury’s Office of Foreign ...Read more
About This Blog
Global Trade & Foreign Policy Insights addresses rapidly evolving U.S. foreign policy and its impact on cross-border trade. We address the impact on financial services, supply chains, and manufacturing. We also cover the international community’s response to U.S. foreign policy.
Contributors
Partner
Of Counsel
Of Counsel
Associate
Associate