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International Compliance blog Blog

Articles: 1-10 of 179

Russian Sanctions Update: OFAC Amends Directive 4 and Updates FAQ Guidance

Russia, Ukraine, USA - November 15 2017 On October 31, 2017, the Office of Foreign Assets Control (OFAC) took a number of actions to implement the Countering Russian Influence in Europe and…

EU Adopts Initial Set of Sanctions against Venezuela

European Union, Venezuela - November 14 2017 In light of the continuing deterioration of the democracy and human rights in Venezuela, the Foreign Affairs Council of Ministers agreed on November…

Congress Scrutinizes Foreign Investment, Fires Warning Shots at China and Silicon Valley

China, Global, USA - November 8 2017 During a November 8 press conference announcing the introduction of the Foreign Investment Risk Review Modernization Act (“FIRRMA”) while President…

Who’s Your Correspondent? FinCEN Penalizes Texas-Based Bank for Bank Secrecy Act Violations

USA - November 3 2017 On November, 1, 2017, the US Department of the Treasury, Financial Crimes Enforcement Network (FinCEN), announced that Lone Star National Bank (Lone…

State Department Allows Certain Civilian Trade to Continue with Russia’s Defense Sector

Russia, USA - November 3 2017 On October 27, 2017, the US Department of State, pursuant to Section 231 of the Countering America’s Adversaries Through Sanctions Act (CAATSA)…

Congress Continues Bipartisan Focus on Sanctions Legislation

Iran, Myanmar, North Korea, USA - October 27 2017 The House of Representatives was the scene of a flurry of sanctions-related activity this week, as the lower chamber passed new sanctions measures…

OFAC Continues Belarus Sanctions Relief

Belarus, USA - October 24 2017 On October 24, 2017, the US Department of Treasury’s Office of Foreign Assets Control (“OFAC”) issued a general license continuing the extension of…

President Trump Outlines New Strategic Approach Regarding Iran

Iran, USA - October 13 2017 In a speech today, President Trump announced the result of his Administration’s strategic review of foreign policy towards Iran, including the Joint…

Trump Administration Announces Permanent Rollback of Sudanese Sanctions Regulations

Sudan, USA - October 10 2017 On October 6, the U.S. Government announced the termination of U.S. sanctions against Sudan, which had been in place since 1997. While most of the…

Bank Warranties: The Other Sanctions Regulations

USA - October 3 2017 Imagine, for a moment, that your company has achieved a state of compliance nirvana. Through the diligent efforts of compliance personnel and counsel…