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Results: 1-10 of 14

The US and EU impose further expanded sanctions on Russia; Russia retaliates by sanctioning US officials

  • Steptoe & Johnson LLP
  • -
  • European Union, Russia, Ukraine, USA
  • -
  • March 21 2014

Following close on the heels of two Executive Orders imposing sanctions on Ukrainian and Russian persons in the last two weeks, US President Obama

OFAC targets deceptive financial transactions through civil enforcement and foreign sanctions evader designations

  • Steptoe & Johnson LLP
  • -
  • Iran, USA
  • -
  • March 6 2014

On January 22, 2014, the US Department of Treasury, Office of Foreign Assets Control (OFAC) concluded a regulatory enforcement action against

Another major sanctions settlement by a foreign bank: Royal Bank of Scotland pays $100 million to federal and New York State regulators

  • Steptoe & Johnson LLP
  • -
  • USA
  • -
  • December 19 2013

On December 11, 2013, the Department of the Treasury's Office of Foreign Assets Control (OFAC), the Board of Governors of the Federal Reserve

New York Department of Financial Services settles for $250 million with Asian bank and targets reinsurers for US sanctions law compliance

  • Steptoe & Johnson LLP
  • -
  • USA
  • -
  • July 10 2013

In recent weeks, the New York State Department of Financial Services (NYDFS) has increased its enforcement and compliance activities related to US

EU expands sanctions against certain Iranian industries

  • Steptoe & Johnson LLP
  • -
  • European Union, Iran
  • -
  • October 19 2012

On October 15, 2012, the Council of the European Union adopted Council Decision 2012635CFSP, which strengthens existing EU sanctions against Iran

Standard Chartered Bank settles sanctions allegations with New York regulators

  • Steptoe & Johnson LLP
  • -
  • USA
  • -
  • August 24 2012

On August 14, 2012, Standard Chartered Bank (SCB), a wholly owned subsidiary of Standard Chartered plc, a British Bank, announced that it had reached a $340 million settlement with the New York State Department of Financial Services (NYDFS

Department of State announces seven further country waivers on petroleum transactions with Iran

  • Steptoe & Johnson LLP
  • -
  • USA
  • -
  • June 18 2012

On June 11, 2012, President Obama issued a new determination under Section 1245(d)(4) of the National Defense Authorization Act for Fiscal Year 2012 (NDAA) that a “sufficient supply” of petroleum and petroleum products from countries other than Iran continues to exist

New Iran sanctions threaten foreign banks’ access to the United States, impose strict measures on financial system of Iran

  • Steptoe & Johnson LLP
  • -
  • Iran, USA
  • -
  • January 6 2012

On December 31, 2011, President Obama signed into law new sanctions against Iran

OFAC names the Commercial Bank of Syria, the Syrian Lebanese Commercial Bank and Syriatel as specially designated nationals; additional sanctions against Syria expected

  • Steptoe & Johnson LLP
  • -
  • Syria, USA
  • -
  • August 11 2011

On August 10, 2011, the Office of Foreign Assets Control, US Department of the Treasury (OFAC) named the Commercial Bank of Syria, its subsidiary the Syrian Lebanese Commercial Bank, and Syriatel, Syria’s largest mobile phone company, as Specially Designated Nationals (SDNs) under three separate executive orders

EU extends list of parties subject to Libya sanctions

  • Steptoe & Johnson LLP
  • -
  • European Union, Libya
  • -
  • March 16 2011

Further to our March 4 advisory on the European Council Regulation No. 2042011, which implements and expands upon the recent UN sanctions against Libya, a further regulation (Council Implementing Regulation No 2332011) was published on March 11 adding additional Libyan parties to the EU sanctions list