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Largest U.S. Confiscation of Iranian Fuel Displays Sanctions Evasion Tactics in a Petroleum-Product Deal

September 17, 2020 By: Saskia Rietbroek CSS, Executive Director, ACSS If you are wondering how sanctions evasion works in a petroleum product deal, you should read the recent forfeiture action by the U.S. Department of Justice (DOJ) of four Iranian tankers headed for...

Secondary Sanctions: Broad Reach and Inconsistent Enforcement Present Compliance Challenges for Global Companies and Their Executives

August 07, 2020 By: Jack Walsh, Reporter ACSS For compliance officers, particularly those working for non-U.S. companies, the proliferation of secondary sanctions in recent years has introduced an array of challenges. By imposing secondary sanctions, the U.S. extends...

UK Enforcement Update: OFSI Shows its Teeth as Penalties for Sanctions Violations Jump into the Millions

July 18, 2020 By: Daniel Martin, Partner, HFW* After a slow start, the U.K. sanctions authority - The Office of Financial Sanctions Implementation (OFSI) - has now begun to show its teeth. However, having seen the size of the penalties imposed by OFAC in the last ten...

Six Compliance Lessons for Non-Banks from Recent OFAC Enforcement Actions

April 20, 2020 By: Jack Walsh, Reporter, ACSS Recently, the Office of Foreign Assets Control, or OFAC, has heightened its focus on industries outside the financial sector. The vast majority, over 70 percent of enforcement actions announced by OFAC in 2018 and 2019...

A Tough Cop in a Bad Neighborhood: Singapore’s Sanctions Regimes, Regulatory Authorities, and Areas of Concern for International Business

March 2, 2020 By: Jack Walsh, Content Writer, ACSS From a regulatory perspective, Singapore is an intriguing case study.  On the one hand, the country is a financial and transportation hub for a region that is rife with transnational security threats. It serves as a...

Wake Up To Sanctions

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

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