• Closure of 90-day Wind-Down Period Instills Fear; Auto Industry Halts Investments
    With the first wave of reinstated sanctions hitting Iran on August 7, 2018, German carmaker Daimler froze its plans to expand into
  • New UN Security Council Sanctions and Current OFAC Sanctions on North Korea
    On September 12th 2017, the Security Council passed, in a unanimous 15-0 vote, new economic sanctions against North Korea. These sanctions added
  • Eliminating Terrorist Financing Without Damaging Legitimate Transactions
    Eliminating Terrorist Funding while Enhancing Legitimate Commercial Transactions and Family Remittances There is consensus that financing terrorism, via the international financial system,
  • OFAC Fines Barclays Bank Over Shadow Blocked Entities
    Barclays Bank Pays Millions to Settle Sanctions Violations Involving Shadow Blocked Entities On February 8, 2016, the US Department of the Treasury’s
  • Cash Purchases May Complicate Real Estate Buys From Sanctioned Countries
    Heightened Scrutiny of Real Estate Cash Purchases May Complicate Future Buys by Those Tied to Sanctioned Countries On January 13, 2016, the Financial Crimes
  • North Korea’s Global Weapons Proliferation Network Targeted by OFAC Sanctions
    On December 8th, 2015, the Treasury Department’s Office of Foreign Assets Control (OFAC) took aim at the North Korean government’s attempts to
  • OFAC Sanctions Prominent Japanese Yakuza Member
    On December 9th 2015, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued a press release designating Tadamasa
  • OFAC Sanctions Three Members of a Powerful Honduran Family and their Bank
    On October 7, 2015 the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced that it had made several
  • Navigators Insurance and The Importance of An OFAC Compliance Program
    OFAC Fines Navigators Insurance Company without Compliance Program for Apparent Violations of Various Sanctions Programs. Several interesting things stand out regarding OFAC’s
  • Indicted, Extradited, and Sanctioned
    Legal & Practical Challenges to Representing Alleged Foreign Narcotics Traffickers Foreign nationals face several unique challenges when forced to appear in the