June 22, 2020 By: Natasha Bright, Reporter, ACSS The United States Office of Foreign Assets Control administers many different programs that it uses to sanction individuals and entities, including the Iran Sanctions, Non-Proliferation Sanctions, and Counter-Terrorism...
May 22, 2020 By: Saskia Rietbroek, CSS, Executive Director, ACSS With millions of dollars in potential fines in the balance, on May 15, 2020, the U.S. government released new guidance and compliance expectations for those involved in the maritime industry, energy, and...
May 20, 2020 By: Jack Walsh, ACSS Reporter Just over one year ago, in May 2019, the Office for Foreign Asset Controls (OFAC) released a 12-page framework for sanctions compliance commitments. This was the first time OFAC had ever published such detailed, prescriptive...
May 18, 2020 By: Natasha Bright, Content Writer, ACSS There has long been debate over the heavy-handed use of economic sanctions and whether the ends truly justify the means. In the midst of a global pandemic, however, that question has become truly salient as...
May 15, 2020 By: Anna Sayre, CSS, Director of Content, ACSS No matter how large or influential, any company that violates sanctions runs the risk of being placed on the U.S. Treasury Office of Foreign Assets Control (OFAC)’s Specially Designated Nationals (SDN) List....
