April 29, 2021 By: Benoit Beaulieu, ACSS Reporter As of late, unconventional mediums of exchange and stores of value, such as cryptocurrencies, have been a focal point for...
OFSI’s New Teeth: Sanctions in the Wake of ‘Brexit’ and Actions Taken by the UK Regulator (So Far)
February 27, 2020 By: Anna Sayre, CSS, Director of Content at ACSS On January 31, 2020, the U.K. Parliament finally cut ties from the E.U. after two years of grueling debates and...
Recent OFAC Settlements with Non-Financial Companies and Lessons Learned
November 4, 2019 By: Thomas Nollner* A commonly held misconception within the sanctions industry is that Office of Foreign Assets Control (OFAC) sanctions programs only apply to...
Wake Up To Sanctions | Second Quarter 2019 – Summer Edition Sanctions Round Up
August 05, 2019 OFAC Publishes New Framework for Compliance Commitments, Naming 5 Essential Components On May 2, 2019, the U.S. Treasury’s Office of Foreign Assets Control (OFAC)...
Lessons from the Euroturbine Case: Global Trends and Enhanced Due Diligence Essential to Safeguard Your Business
February 21, 2019 By: Jan Verloop* On February 18, 2019, Euroturbine B.V. (Euroturbine), a Dutch supplier of specialist parts for gas and steam turbines, was fined for the...
The Zoltek Experience: Six Lessons for U.S. Companies with Foreign Subsidiaries
February 4, 2019 By: Scott Nance and George Voloshin On December 20, 2018, the Office of Foreign Assets Control (OFAC) published a penalty notice and settlement agreement with...
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