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Results: 1-10 of 32

Significant FinCEN Action Against BTC-e, Implications for Virtual Currency Exchangers
  • Steptoe & Johnson LLP
  • USA
  • July 31 2017

On July 26, 2017, the Financial Crimes Enforcement Network (FinCEN) of the US Department of the Treasury assessed a civil monetary penalty of $110,003


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


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