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OFAC in 2019: Enforcement Actions Spotlight Cuba, Mergers and Acquisitions

January 25, 2020 By: Natasha Bright, ACSS Reporter The U.S. Office of Foreign Assets Control had a very busy year. The agency handed out a record $1.28 billion in penalties in 26 settlements. The enforcement actions provide insight into what was top of mind for the...

An Overview of Cuban Sanctions and Key Tips on How to Deal With the Ongoing Changes

August 29, 2019 By: Glenda Juliano*, CAMS The U.S. and Cuba have always seemed to be at odds. Ever since the Cold War era, when the U.S. severed political ties with Cuba, there has been tension between the two governments. After 5 decades of a complete embargo against...

The Good, the Bad, and the Ugly: The Unintended Consequences of Sanctions from a Population Perspective

August 09, 2019 By: Glenda Juliano*, CAMS The U.S. currently maintains economic sanctions against many countries. Frequently criticized and often viewed as a paradox of U.S. foreign policy, economic sanctions are nevertheless quickly becoming the tool of choice for...

A ‘Modest Proposal’ for Cuba: OFAC, BIS and State Department Implement President’s New Cuba Policy

November 24, 2017 By: EdKraul and, Brian Egan, Keith Huffman, Meredith Rathbone, Jack Hayes, Anthony Rapa, and Peter Jeydel* Effective November 9, 2017, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) and the Department of Commerce’s Bureau of...

Trump Sanctions Policies Still Undefined, But Could Affect Many Nations and Compliance Officers – Part 3: Steven Bannon’s “America First” Agenda Looms As Big Factor

January 31, 2017 By: Anna Sayre, Legal Content Writer, SanctionsAlert.com In this series, we present the comments and assertions made by President Donald Trump and his top assistants concerning economic sanctions and export controls so compliance professionals can...

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