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This memorandum briefly updates our September 22, 2011 summary of the easing of international economic sanctions by the United Nations, United States and European Union in support of the National Transitional Council of Libya
In an effort to demonstrate international support for the Transitional National Council (TNC) in Libya, the United Nations, United States and European Union (EU) have taken steps to ease sweeping sanctions targeting the regime of Muammar Qadhafi, as well as agencies and instrumentalities of the former regime
In response to the Government of Syria's escalation of violence against the people of Syria, on May 18, 2011, President Obama signed an Executive Order blocking the property of seven members of Syria's top leadership, including Syrian President Bashar al-Assad, for human rights abuses
On January 28, 2011, the Department of Treasury's Office of Foreign Assets Control (OFAC) amended the Cuban Assets Control Regulations (CACR) 1 to incorporate the Administration's policy changes announced on January 14
If a bank, insurance company, broker or other financial institution does international business, it should carefully examine new regulations that came into effect on August 16, 2010
On November 16, 2009, the Financial Crimes Enforcement Network (FinCEN) published a proposed rule that would expand the scope of information sharing provisions between financial institutions, FinCEN, foreign governments and certain local and state law enforcement authorities
On November 9, 2009, Treasury’s Office of Foreign Assets Control (OFAC) published the final rule “Economic Sanctions Enforcement Guidelines,” (Final Guidelines) establishing OFAC’s preference for retaining its own administrative flexibility rather than providing greater insight into OFAC’s enforcement deliberation process
Today, the U.S. Treasury Department announced significant amendments to OFAC’s Cuban Assets Control Regulations which are meant to implement an April 2009 Presidential initiative on Cuba
On August 24, 2009, the Department of Treasury's Office of Foreign Assets Control (OFAC) announced its settlement of the Australia and New Zealand Bank Group, Ltd.'s (ANZ) alleged violations of the Sudanese Sanctions Regulations (SSR) and the Cuban Assets Control Regulations (CACR
