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Results: 1-10 of 99

Budget Deal Includes Repeal of U.S. Crude Oil Export Ban
  • Akin Gump Strauss Hauer & Feld LLP
  • USA
  • December 16 2015

On December 15, 2015, U.S. congressional leaders announced a year-end budget compromise that removes the ban on the export of crude oil from the


Solar and Wind Tax Credits Benefit from Proposed Compromise on Government Spending Bill
  • Akin Gump Strauss Hauer & Feld LLP
  • USA
  • December 16 2015

Last night, Speaker Paul Ryan (R-WI) and other congressional leaders released a proposed legislative compromise that would fund the government


Philadelphia-Based Travel Company Agrees to a US $43K Settlement with OFAC for Apparent Violations of Cuba-Related Sanctions
  • Akin Gump Strauss Hauer & Feld LLP
  • USA, Cuba
  • November 30 2015

Late last month, a Philadelphia-based travel company, Gil Tours Travel, Inc. (“Gil Travel”), agreed to pay US $43,875 to OFAC in connection with


OFAC Expands List of Medical Supplies Eligible for Export to Iran under a General License
  • Akin Gump Strauss Hauer & Feld LLP
  • USA, Iran
  • November 30 2015

On November 2, 2015, OFAC updated the list of medical supplies eligible for export or reexport to Iran under an ITSR general license. The updated


Banco do Brasil, S.A. Agrees to US $139.5K OFAC Settlement for Apparent Violations of Iran-Related Sanctions
  • Akin Gump Strauss Hauer & Feld LLP
  • USA, Iran
  • November 30 2015

Earlier this month, the New York Branch of Banco do Brasil, S.A. (BBNY) agreed to pay US $139,500 to settle civil charges connected to seven apparent


OFAC Issues Temporary General License for Transactions Involving Certain Belarusian Entities
  • Akin Gump Strauss Hauer & Feld LLP
  • USA, Belarus
  • November 30 2015

On October 30, 2015, OFAC issued a temporary general license, valid through April 30, 2016, permitting certain transactions with nine Belarusian


Executive Order Imposing Targeted Sanctions on Individuals in Burundi
  • Akin Gump Strauss Hauer & Feld LLP
  • USA, Burundi
  • November 30 2015

On November 23, 2015, following reports of ongoing violence in Burundi since the disputed reelection of President Pierre Nkurunziza in April of this


Obama Administration Lifts Economic Sanctions Against Liberia
  • Akin Gump Strauss Hauer & Feld LLP
  • USA, Liberia
  • November 30 2015

On November 12, 2015, the Obama Administration issued an EO terminating economic sanctions against Liberia. The sanctions were originally imposed by


Deutsche Bank Agrees to Pay US $258 Million to New York Department of Financial Services to Settle Alleged Sanctions Violations
  • Akin Gump Strauss Hauer & Feld LLP
  • USA
  • November 30 2015

On November 4, 2015, Deutsche Bank agreed to pay US $258 million to the New York Department of Financial Services (NYDFS) and will install an


OFAC expands List of Medical Supplies eligible for export to Iran under general license
  • Akin Gump Strauss Hauer & Feld LLP
  • USA
  • November 9 2015

On November 2, 2015, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) updated the List of Medical Supplies eligible for