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Results: 1-10 of 27

Customer Due Diligence Guidance by FinCEN for Certain Financial Institutions
  • Steptoe & Johnson LLP
  • USA
  • August 4 2016

On July 19, 2016, the US Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) issued Frequently Asked Questions (FAQs) as


New BIS Enforcement Guidance Yields Useful Insight, but Few Practical Changes
  • Steptoe & Johnson LLP
  • USA
  • July 26 2016

On June 22, 2016, the Department of Commerce, Bureau of Industry and Security (BIS), finalized a new enforcement policy for administrative (i.e


Limited US Sanctions Relief after Historic Myanmar Elections
  • Steptoe & Johnson LLP
  • USA
  • May 19 2016

On May 17, 2016, the US Department of the Treasury's Office of Foreign Assets Control (OFAC) announced its long-awaited changes to US sanctions on


Lessons From A Rare Reporting Action Against MasterCard
  • Steptoe & Johnson LLP
  • USA
  • March 31 2016

On March 16, 2016, the US Department of the Treasury's Office of Foreign Assets Control issued a Finding of Violation to MasterCard International Inc


OFAC Brings Rare Reporting Enforcement Action Against MasterCard
  • Steptoe & Johnson LLP
  • USA
  • March 29 2016

On March 16, 2016, the US Department of the Treasury's Office of Foreign Assets Control (OFAC) issued a Finding of Violation to MasterCard


Obama Signs Hizballah Sanctions Law Targeting Foreign Banks
  • Steptoe & Johnson LLP
  • Middle East, USA
  • December 23 2015

On December 18, 2015, President Barack Obama signed into law the Hizballah International Financing Prevention Act of 2015 (HR 2297), which authorizes


Crédit Agricole settles sanctions allegations: risks to multinational banks remains high
  • Steptoe & Johnson LLP
  • USA
  • November 12 2015

On October 20, 2015, US federal and New York state authorities announced that they had each reached an agreement with France's Crédit Agricole


OFAC enforcement involving NY operations of Brazilian-based financial institution
  • Steptoe & Johnson LLP
  • Brazil, Iran, USA
  • November 6 2015

On November 4, 2015, the Office of Foreign Assets Controls (OFAC) of the US Department of the Treasury announced that Banco do Brasil, S.A., New York


Non-US financial institutions dealing with Russian SDNs could face US sanctions
  • Steptoe & Johnson LLP
  • Russia, Ukraine, USA
  • June 22 2015

On June 16, 2015, section 5(b) of the Ukraine Freedom Support Act of 2014 (UFSA) (P.L. No. 113-272), which authorizes the President to impose


Commerzbank $1.45b settlement: OFAC continues scrutinizing foreign banks
  • Steptoe & Johnson LLP
  • USA
  • March 24 2015

On March 12, 2015, Commerzbank AG, the second-largest bank in Germany, agreed to civil and criminal settlements with US federal and New York state