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OFSI Issues Regulations Implementing Civil Penalties for Financial Sanctions Violations
  • Steptoe & Johnson LLP
  • United Kingdom
  • April 4 2017

Following up on our previous post, yesterday the UK Office of Financial Sanctions Implementation (OFSI) issued regulations formally implementing the

New US Sanctions on Iran: More of the Same, but Tensions Are Rising
  • Steptoe & Johnson LLP
  • USA
  • February 3 2017

On February 3, 2017, the US Department of the Treasury's Office of Foreign Assets Control (OFAC) designated 25 additional individuals and entities on

US Lifts Nearly All Economic and Financial Sanctions on Sudan
  • Steptoe & Johnson LLP
  • USA
  • January 18 2017

On January 17, 2017, the US Treasury Department's Office of Foreign Assets Control (OFAC) published an amendment to the Sudanese Sanctions

Groundbreaking Russia Sanctions Bill Introduced in the Senate
  • Steptoe & Johnson LLP
  • Russia, USA
  • January 13 2017

On January 11, 2017, a bipartisan group of US Senators introduced a bill - the Countering Russian Hostilities Act of 2017 - to impose unprecedented

Recent AMLSanctions Enforcement Actions
  • Steptoe & Johnson LLP
  • Iran, Italy, USA
  • December 27 2016

Capping off a year of robust sanctions enforcement, two recent enforcement actions highlight the risks of doing business with sanctioned countries

Extend It Again, Sam: OFAC Continues Limited Belarus Sanctions Relief
  • Steptoe & Johnson LLP
  • Belarus, USA
  • October 20 2016

The Treasury Department has extended limited sanctions relief related to certain Belarusian entities through April 2017. On October 18, 2016, the

US Lifts All Economic and Financial Sanctions on Myanmar (Burma), But Risks Remain
  • Steptoe & Johnson LLP
  • USA, Myanmar
  • October 12 2016

Following up on our previous post, on October 7, 2016, President Obama issued an Executive Order (which we will refer to as the New EO), lifting all

U.S. Lifts All Economic Sanctions on Myanmar (Burma)
  • Steptoe & Johnson LLP
  • Myanmar, USA
  • October 7 2016

Today the President issued an Executive Order lifting all U.S. economic and financial sanctions on Myanmar, pursuant to a previous announcement on

New Russia Sanctions Designations
  • Steptoe & Johnson LLP
  • Russia, USA
  • September 2 2016

Yesterday, the U.S. Treasury Department, Office of Foreign Assets Control (OFAC) designated several new Russian and Ukrainian Specially Designated

EU Extends Russia Sanctions Through January 2017
  • Steptoe & Johnson LLP
  • European Union, Russia
  • July 1 2016

The EU has extended, today, economic sanctions targeting specific sectors of the Russian economy to 31 January 2017. The sanctions concern the