12 Jul, 2024 OFAC Amends Cuba Sanctions, Expanding Access to the US Financial System and Incentivizing Private Sector Entrepreneurship By Nabeel Yousef Stephanie Brown Cripps Andrew Bulovsky Keian Razipour +1 more... Show less On May 28, 2024, the US Treasury Department’s Office of Foreign Assets Control (OFAC) eased restrictions on Cuba under the Cuban Assets...
27 Jun, 2024 Statute of Limitations Extended for US Sanctions Violations: Key Considerations for Companies By Nabeel Yousef Stephanie Brown Cripps Kimberly Zelnick Andrew Bulovsky Keian Razipour Young Park +3 more... Show less On April 24, 2024, President Biden signed into law H.R. 815, which among other things extended from five to ten years the statute of...
27 Jun, 2024 Revised OFAC Reporting Rules Expected to Take Effect on August 8, 2024 By Nabeel Yousef Stephanie Brown Cripps Kimberly Zelnick Andrew Bulovsky Keian Razipour Young Park +3 more... Show less On May 10, 2024, the US Treasury Department’s Office of Foreign Assets Control (OFAC) issued an interim final rule (the IFR) that will...
16 Jan, 2024 Preparing for the Risks Ahead: From Geopolitical Instability to Congressional Gridlock and Investigations By Beth George Andrew Dockham Sean Quinn The beginning of the year is a good time to examine and prepare for business and legal risks companies will be facing this year. The...
27 Apr, 2023 Section 1782 Discovery and Russian Sanctions: Same as It Ever Was By Timothy Harkness Linda Martin David Livshiz Kimberly Zelnick Nabeel Yousef Shannon Sciaretta +3 more... Show less One consequence of Russia’s invasion of Ukraine and the US, UK, and EU sanctions that it spawned is a spate of Russia-related litigation...
22 Feb, 2023 Federal Reserve Board Denies Application of Crypto-Focused Bank “Custodia” over Money Laundering and Terrorism Financing Concerns By Nabeel Yousef Timothy Howard Stephanie Brown Cripps Andrew Bulovsky Adam Silow +2 more... Show less On January 27, 2023, the Federal Reserve Board (FRB) announced its denial of Custodia Bank, Inc.’s (Custodia) application—a...
17 Nov, 2022 OFAC Redesignates “Tornado Cash” as US Regulators Continue Targeting Virtual Currency By Timothy Howard Nabeel Yousef Brock Dahl Stephanie Brown Cripps Andrew Bulovsky Adam Silow +3 more... Show less On August 8, 2022, the US Treasury Department’s (Treasury) Office of Foreign Assets Control (OFAC) announced that it designated the...
31 Oct, 2022 The UFLPA Bares its Teeth: Importers Confront the Cost of Non-Compliance as Uyghur Forced Labor Prevention Act Takes Hold By Nabeel Yousef Kimberly Zelnick Stephanie Brown Cripps Aryeh Kaufman Noah Lipkowitz +2 more... Show less While global political news has focused on Russia’s war in Ukraine, the Biden Administration and the US government have continued to...
18 Oct, 2022 D.C. Circuit Expands the Class of Assets That May Be Attached by Holders of Judgments Against State Sponsors of Terrorism By David Livshiz Scott Eisman Christian Vandergeest Foreign sovereigns are presumptively immune from suit in the United States. The Foreign Sovereign Immunities Act (“FSIA”) codifies that...
14 Jun, 2022 DOJ Pursues Criminal Prosecutions Related to Use of Cryptocurrency to Evade Sanctions By Olivia Radin Timothy Howard Kimberly Zelnick Stephanie Brown Cripps Jane Peng Andrew Bulovsky +3 more... Show less On May 13, 2022, Magistrate Judge Zia Faruqui released a redacted Memorandum Opinion disclosing that the US Department of Justice (DOJ)...
06 Jun, 2022 Pressure Builds to Resolve Lack of Access to Audit Papers of Chinese Listed Companies By Michael Levitt Jeremy Barr Isaac Ellman On May 24, 2022 YJ Fischer, the director of the U.S. Securities and Exchange Commission Office of International Affairs, gave a speech on...
16 Feb, 2022 How to prepare for potential Russia sanctions By Stephanie Brown Cripps This article was originally published by Corporate Secretary on February 16, 2022. This is a challenging moment for companies...