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Essentials

Articles

It may surprise money laundering compliance officers

Date: March 28, 2016

It may surprise money laundering compliance officers and others who know the money laundering and financial crime provisions of the USA Patriot Act to learn that the law contains a "Trade Sanctions" provision. Section 221 of the landmark act sought to tighten trade sanctions and export controls aimed at terrorists and nations and organizations that pose threats to the U.S. (more…)

Historical heft aside, ‘Letters of Marque and Reprisal’ could serve as present-day tool of international sanction

Date: March 22, 2016

Historically, the law of reprisal gave an individual the power to seek restitution against another for a private loss (e.g., if an English merchant had goods stolen in France, the merchant would be granted a letter of marque and reprisal by the English government, which would grant him the right to “capture” a French merchant vessel to compensate him for that loss). (more…)

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