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This article was last updated on October 7, 2026 with an Editor’s Note, but originally published on June 22, 2026. Editor’s Note: On July 7, 2026, following renewed hostilities, the…
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Receiving an OFAC administrative subpoena from the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is an unsettling event, especially if you are an individual or company…
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This article was last updated on October 7, 2026, but originally published on January 20, 2026. Many companies (and individuals) believe blocked vs rejected transactions mean the same thing for…
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In today’s interconnected financial and commercial systems, appearing on—or even being associated with—U.S. restricted party list (“RPL”) can lead to serious legal, financial, and reputational consequences. Whether you’re a foreign…
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Learn how foreign legal advisors can identify, assess, and manage U.S. sanctions and export control risks—covering OFAC, BIS, ITAR & risk mitigation strategies.
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On October 7, 2024, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) confirmed some rather significant changes to the OFAC unblocking procedures for blocked property, which…
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One concern I hear a lot from businesses outside the United States is regarding so-called “secondary sanctions” of the United States (“U.S.”), especially since the rapid expansion of the U.S.…
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When President Biden signed into law the April 24, 2024 National Security Package (H.R. 815), media outlets predominately focused their coverage on the long awaited United States (“US”) aid for…
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The U.S. Department of the Treasury’s Office of Foreign Assets Control’s (“OFAC”) last civil enforcement action for 2023 involved insurance company Privilege Underwriters Reciprocal Exchange (“PURE”), and was a stark reminder of…
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On the eve of the second anniversary of Russia’s full-scale war against Ukraine, February 23, 2024, and also in response to the on February 16, 2024 death of opposition figure…
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Economic sanctions, especially those related to Russia and Iran, routinely make news headlines. However, the underlying legal changes that occur can significantly impact the operations of organizations engaging in cross-border…
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The expansive scope of United States economic sanctions programs—comprised of the laws and regulations administered by the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”)—can have a…
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