We use cookies to customise content for your subscription and for analytics.
If you continue to browse Lexology, we will assume that you are happy to receive all our cookies. For further information please read our Cookie Policy.
Results 1 to 5 of 39
Most popular |Most recent


Increased Sanctions on Venezuela Place Heavy Burden on Compliance Programs at Financial Institutions

USA, Venezuela - August 28 2017 On Friday, the United States significantly increased its sanctions targeting the Government of Venezuela. These new sanctions, authorized under...


ExxonMobil Challenges OFAC’s First Russia Sanctions Penalty

USA - July 28 2017 Last week, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced its assessment of a $2 million civil money penalty...


U.S. Treasury Announces First Money Laundering Designation Against Mainland Chinese Bank

China, North Korea, USA - June 29 2017 Today, the U.S. Department of the Treasury announced significant actions targeting Chinese companies and individuals for their commercial involvement...


Trump’s Cuba Announcement Signals a Change of Tone, but not Substance

Cuba, USA - June 16 2017 Earlier today, President Trump announced upcoming revisions to the Cuban embargo. The announcement should be viewed as a preview of coming changes...


D.C. Circuit Affirms OFAC’s Broad Enforcement Authority, but Demands Increased Transparency in its Decision-Making Process

USA - June 1 2017 Last week, the U.S. Court of Appeals for the D.C. Circuit issued a decision in Epsilon Electronics, Inc. v. U.S. Dept. of the Treasury, Office of...