Blog | Economic Sanctions and OFAC Attorney

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There Is a New 50 Percent Rule: OFAC Revises its Guidance on Entities Owned by Blocked Persons

Earlier this week the Office of Foreign Assets Control (OFAC) issued a revised guidance on entities owned by persons whose property and

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OFAC Compliance and FinCEN’s Guidance

OFAC Compliance: Lessons Learned from FinCEN’s ‘Culture of Compliance’ Guidance Aug. 15, 2014 The mission of the Financial Crimes Enforcement Network (FinCEN)

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OFAC, SDN

Zhang Lei: A story of synthetic drugs, international drug trafficking, and OFAC SDN designations.

Back on July 29, 2014, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated Zhang Lei (a.k.a. Eric

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Burma Sanctions: Frequently Asked Questions

The following blog is excerpted from an interview with an OFAC lawyer in which he discusses Burma’s country-based sanctions. What are the

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Family Remittances: Frequently Asked Questions

The following is an excerpt from a recent interview in which OFAC Sanctions Attorney discusses family remittances and how they relate to

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OFAC, Russia, Ukraine

OFAC Targets Russian Banks, Defense Technology

Aug. 4, 2014 On July 29, 2014, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced the imposition

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OFAC, SDN

OFAC Sanctions Los Urabeños Leadership

Last week, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced the designation of 17 alleged leaders and

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BofA to Pay $16.5 Million for OFAC Violations

On July 24, 2014 Bank of America, N.A. entered into a settlement agreement (pdf) with the Office of Foreign Assets Control (OFAC)

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Indictment Alleges Virginia Women Supported Terrorists

On July 23, 2014 federal law enforcement authorities arrested three women on charges that they provided material support to al-Shabaab. Those three

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Burma, International, Sanctions, SDN, Trade

Backsliding Political Reforms in Burma Will Harm Investors in U.S., Europe, and Asia

In a recent op-ed by Simon Tay and Cheryl Tan that appeared in The Japan Times, the authors suggested that it is

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