Tag: Office of Foreign Assets Control (OFAC)

4 Considerations to Mitigate Risk Among the chief concerns of those using blockchain (and its critics) is the lack of ...

With contributing authors Ali Burney and Nicholas Turner The Office of Foreign Assets Control has just levied a penalty against ...

A Compliance Challenge On April 6, the U.S. imposed economic sanctions on a number of Russian individuals and entities (specially ...

“Happy talk” amounts to empty words absent a frank, honest discussion of the issues. Michael Volkov explains one reason why ...

How to Avoid Sanctions Risks A recent advisory issued by the U.S. Department of the Treasury’s Office of Foreign Assets ...

Practical Steps Non-U.S. Companies Can Take Now The international business community is watching intently to see whether the United States ...

A Case for Thorough Due Diligence A strong compliance program within your own company isn’t enough if your third-party suppliers ...

If your business activities take place in the U.S., you need to be doing OFAC screening. Michael Volkov offers five ...

The Clifford Chance team covers OFAC’s recently published “Framework for OFAC Compliance Commitments,” with a particular focus on how the ...

Michael Volkov highlights three sanctions-related enforcement actions all breaking in the last six weeks – and two of which involved ...

Michael Volkov details the settlement between the U.S. OFAC and Haverly Systems, which was found to be in violation of ...

What a difference a year makes — The Treasury Department’s Office of Foreign Asset Control (OFAC) announced two sanctions settlements ...