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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 discussions in Brussels, signaling a chance for Britain to break away from the E.U....

Steady Increase in OFAC Enforcement; A Shift Towards Unilateral Sanctions; A New Focus on International Trade; and much more, according to Accuity.

February 3, 2020 By: Anna Sayre, CSS, Director of Content, ACSS The global sanctions landscape is in a constant state of flux. From the U.S.’ stern outlook on Iran to the E.U.’s ever-tightening sanctions on Russia, our current global climate is ripe for sanctions...

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...

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 financial institutions. Recent large civil liability settlements between OFAC and several...

Ten Tips On How To Comply With An OFAC Settlement Agreement (Or Avoid the Regulator Altogether)

April 23, 2019 By: Scott Nance*, Principal, LC Consulting Recent times have seen an uptick in sanctions enforcement actions, placing an onus on many compliance suites and officers to take head and build a robust sanctions compliance program. In April alone, OFAC...

Wake Up To Sanctions

November 19, 2018 SanctionsAlert.com Sanctions Round Up US Imposes Sanctionson 17 Saudis for Alleged Role in Khashoggi Killing, but Prince Stays Clear On November 15, the U.S....

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