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Obama

President Obama Sanctions Russian Entities and Individuals for Tampering with Election

Russian Entities Sanctions for election tampering

December 30, 2016

On December 29, 2016, President Obama took action to expand the scope of the Department of the Treasury’s Cyber-related Sanctions Program to include, among other things, tampering with election processes. Specifically, the President issued an Executive Order, Taking Additional Steps to Address the National Emergency with Respect to Significant Malicious Cyber-Enabled Activities. This Executive Order […]

Agreement With Iran & New Opportunities For U.S. Companies

July 17, 2015

The Agreement concluded by the six world powers and the Islamic Republic of Iran in regard to its nuclear program, represents an historic moment in the diplomatic relations between the United States and Iran and, simultaneously, opens to the American business-world the possibility of new and previously unimaginable opportunities. Though the Joint Comprehensive Plan of […]

Cyber Attacks Addressed by New Sanctions Program

April 3, 2015

On April 1, 2015 the President issued Executive Order 13694: Blocking the Property of Certain Persons Engaging in Significant Malicious Cyber-Enabled Activities.

Obama Tells OFAC to Ease Sanctions on Cuba

December 19, 2014

On December 17, 2014 President Obama announced historic steps his administration will take to usher in a new, more inclusive era of US-Cuba relations.

Recent Case Results

OFAC Unblocking License Obtained for SDN False Positive Match

Price Benowitz’s OFAC Law Group successfully obtained an OFAC unblocking license for a client whose personal funds were blocked due to an intermediary financial institution’s false positive match to the Specially Designated Nationals List. The client’s name resembled a person on the SDN list and the funds were blocked due to a lack of timely […]
Specific License Granted for Payment from SDN List Client

The OFAC Law Group was granted an OFAC specific license to obtain payment from an SDN client. The payment structure fell outside of the authorization of the general license to receive legal fee payments from an SDN person. Law firms must review the limitations of relevant authorizations to receive payment from SDN persons. SDN list […]
Breaking False Claims Act News: Qui Tam Settlement Reached

While the defendants did not admit any fault, we are happy to report that PAE agreed to pay the United States $5,000,000 to resolve the False Claims Act allegations contained in Mr. Palombo’s Complaint.

Latest blog posts

What’s Going to Happen with Exports of Commercial Drones?

In 2015, many believed to have seen an announcement by the Department of State relaxing drone exports, but a close look at the announcement suggests otherwise. According to a publication by the Directorate of Defense Trade Controls, “The FAA Modernization and Reform Act of 2012 for Unmanned Aircraft Systems (http://www.hse-uav.com/faa_modernization_and_reform_act_2012.htm) creates a statutory basis for […]

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Trends in OFAC Enforcement

By Juhi Tariq – Which cases have been considered egregious? AIG Case – June 26, 2017 Though the transactions totaled almost double the amount, OFAC’s base penalty for AIG was $198, 226. Mitigating factors: No prior penalty notice or Finding of Violation from OFAC in the past five years Existence of a compliance program that […]

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Russia Sanctions Bill Signed

From NYT: President Trump signed legislation on Wednesday imposing sanctions on Russia and limiting his own authority to lift them, but asserted that the measure included “a number of clearly unconstitutional provisions” and left open the possibility that he might choose not to enforce them as lawmakers intended. In particular, he objected to Congress interfering with the […]

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