On 24 March 2025, President Trump issued Executive Order 14245 authorizing Secretary of State Marco Rubio to impose a 25 percent tariff on all goods imported into the United States from any country that directly or indirectly...more
On 21 March 2025, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) removed Tornado Cash, a virtual currency mixer, from its list of Specially Designated Nationals and Blocked Persons (SDN List),...more
3/25/2025
/ Anti-Money Laundering ,
Blockchain ,
Chevron Deference ,
Compliance ,
Cryptocurrency ,
Delisting ,
Digital Assets ,
Economic Sanctions ,
International Emergency Economic Powers Act (IEEPA) ,
Loper Bright Enterprises v Raimondo ,
National Security ,
Office of Foreign Assets Control (OFAC) ,
Popular ,
Risk Management ,
SCOTUS ,
SDN List ,
U.S. Treasury
On 20 February 2025, the United States (U.S.) Department of State designated eight international cartels as Foreign Terrorist Organizations (FTOs) and Specially Designated Global Terrorists (SDGTs). The designation of...more
3/3/2025
/ Anti-Money Laundering ,
Cartels ,
Compliance ,
Economic Sanctions ,
Executive Orders ,
Financial Institutions ,
Foreign Financial Institutions (FFI) ,
International Emergency Economic Powers Act (IEEPA) ,
National Security ,
Office of Foreign Assets Control (OFAC) ,
Risk Management ,
Risk Mitigation ,
Terrorism Funding ,
U.S. Treasury
In 2024, global sanctions and trade controls continued to expand, with the United States (U.S.), European Union (EU), and United Kingdom (UK) leading the charge against actors threatening international security and financial...more
On 9 October 2024, the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) published its first ever unilateral guidance specifically addressed to financial institutions (FIs). The Guidance to Financial...more
10/22/2024
/ Bureau of Industry and Security (BIS) ,
Compliance ,
Country of Origin ,
Due Diligence ,
Enforcement Actions ,
Export Administration Regulations (EAR) ,
Export Controls ,
Financial Crimes ,
Financial Institutions ,
FinCEN ,
Foreign Policy ,
Foreign Trade Zones ,
Jurisdiction ,
Military End Use ,
National Security ,
New Guidance ,
Office of Foreign Assets Control (OFAC) ,
Popular ,
Risk Assessment ,
Russia ,
SDN List ,
Self-Disclosure Requirements ,
Suspicious Activity Reports (SARs) ,
Voluntary Disclosure
On 12 June 2024, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) and the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) issued new measures to further isolate Russia’s...more
6/18/2024
/ Blocking Sanctions ,
Bureau of Industry and Security (BIS) ,
Dubai Economic Security Center (DESC) ,
EU ,
Exports ,
Foreign Financial Institutions (FFI) ,
Jurisdiction ,
Military Conflict ,
Office of Foreign Assets Control (OFAC) ,
Popular ,
Russia ,
SDN List ,
Shell Corporations ,
Software ,
U.S. Commerce Department ,
Ukraine
On 24 April 2024, President Biden signed into law H.R. 815, “Making Emergency Supplemental Appropriations for the Fiscal Year Ending September 30, 2024, and for Other Purposes” (the Act). The long-awaited piece of legislation...more
5/14/2024
/ Biden Administration ,
China ,
Data Protection ,
Energy Sector ,
Export Controls ,
Exports ,
Financial Institutions ,
Foreign Adversaries ,
Foreign Aid ,
Hamas ,
Imports ,
Iran Sanctions ,
Israel ,
Israel/Palestine ,
Legislative Agendas ,
New Legislation ,
Popular ,
Russia ,
Sanction Violations ,
Sanctions ,
Statute of Limitations ,
Taiwan ,
Technology Sector ,
Terrorist Organizations ,
Trafficking ,
Ukraine
The United States has reversed its 2023 relaxation of certain sanctions against Venezuela in response to failures by representatives of Venezuela President Nicolás Maduro to uphold commitments outlined in a roadmap for...more
On FINCast Episode 39, Juan Zarate sits down with K2 Integrity’s Katya Hazard and Amir Fadavi to discuss the state of Russia-related sanctions and to explore what has worked and what may require further coordinated efforts to...more
On 13 February 2024, the Financial Crimes Enforcement Network (FinCEN) issued a groundbreaking Notice of Proposed Rulemaking (NPRM) to combat illicit finance and national security threats in the investment adviser sector. The...more
2/27/2024
/ AML/CFT ,
Anti-Money Laundering ,
Bank Secrecy Act ,
China ,
Corruption ,
Exempt Reporting Advisers (ERAs) ,
FinCEN ,
Fraud ,
Investment ,
Investment Adviser ,
National Security ,
Notice of Proposed Rulemaking (NOPR) ,
Office of Foreign Assets Control (OFAC) ,
Patriot Act ,
Proposed Rules ,
Russia ,
Securities and Exchange Commission (SEC) ,
Suspicious Activity Reports (SARs) ,
Tax Evasion
The sanctions world experienced another action-packed year in 2023. Sanctions against Russia dominated the year in terms of the number of designations and new restrictions, and the attacks perpetrated by Hamas in Israel on 7...more
2/8/2024
/ China ,
Counter-Terrorist ,
Cryptocurrency ,
Drug Trafficking ,
Enforcement Actions ,
EU ,
Export Controls ,
Exports ,
Foreign Investment ,
Human Rights ,
Illegal Drugs ,
Importers ,
Imports ,
Iran ,
Iran Sanctions ,
Joint Comprehensive Plan of Action (JCPOA) ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
Sanctions ,
Terrorist Acts ,
Trade Restrictions ,
Trade Retaliation ,
UK ,
United States ,
Venezuela
On 22 December 2023, the Biden administration issued Executive Order 14114, “Taking Additional Steps with Respect to the Russian Federation’s Harmful Activities” (EO 14114), thereby amending EOs 14024 and 14068. The new EO...more
1/11/2024
/ Aerospace ,
Biden Administration ,
CAPTA List ,
Construction Industry ,
Defense Sector ,
Due Diligence ,
Economic Sanctions ,
Executive Orders ,
Export Controls ,
Financial Services Industry ,
Foreign Financial Institutions (FFI) ,
Importers ,
Licenses ,
Manufacturing Facilities ,
Office of Foreign Assets Control (OFAC) ,
Popular ,
Russia ,
Sanction Violations ,
SDN List ,
Semiconductors ,
Technology Sector ,
Transparency ,
US State Departments
Join our panel of experts for a one-hour conversation about the pressing issues surrounding the transshipment of restricted tools and technologies, with a particular focus on mitigating the risk of these products ending up in...more
12/7/2023
/ Cross-Border Transactions ,
Defense Sector ,
Due Diligence ,
Evasion ,
Export Controls ,
Financial Institutions ,
National Security ,
Restricted Goods ,
Risk Mitigation ,
Russia ,
Trade Policy ,
Trade Relations ,
Webinars
Summary of What Has Happened and What Is Yet to Come -
On 19 October 2023, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) announced a Notice of Proposed Rule Making (NPRM), pursuant to...more
11/14/2023
/ Convertible Virtual Currencies (CVCs) ,
Department of Justice (DOJ) ,
Employee Benefits ,
Financial Institutions ,
FinCEN ,
Money Laundering ,
Notice of Proposed Rulemaking (NOPR) ,
Office of Foreign Assets Control (OFAC) ,
Patriot Act ,
Popular ,
Proposed Regulation ,
Recordkeeping Requirements ,
Reporting Requirements ,
Risk Assessment ,
Risk Management ,
Suspicious Activity Reports (SARs) ,
Terrorist Financing ,
Transparency ,
Virtual Currency
The U.S. Department of Justice (DOJ), the U.S. Department of Commerce’s Bureau of Industry and Security (BIS), and the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) published their second Tri-Seal...more
8/15/2023
/ Bank Secrecy Act ,
Bureau of Industry and Security (BIS) ,
Code of Federal Regulations (CFR) ,
Compliance ,
Department of Justice (DOJ) ,
Economic Sanctions ,
Export Controls ,
FinCEN ,
Investigations ,
National Security ,
Office of Foreign Assets Control (OFAC) ,
Penalties ,
Popular ,
Russia ,
Self-Disclosure Requirements ,
Third-Party ,
U.S. Treasury ,
Voluntary Disclosure ,
Whistleblowers
K2 Integrity delivers information and analysis on recent developments related to sanctions against Russia and key implications for the public, private, and non-profit sectors as the United States (U.S.), the European Union...more
5/26/2023
/ Bureau of Industry and Security (BIS) ,
Economic Sanctions ,
EU ,
Executive Orders ,
Export Administration Regulations (EAR) ,
Export Controls ,
Financial Institutions ,
FinCEN ,
G7 ,
Goods or Services ,
Imports ,
Office of Financial Sanctions Implementation (OFSI) ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
UK ,
Ukraine
Chinese lawmakers approved revisions to the country’s counterespionage law on 23 April 2023, broadening the definition of spying and banning the transfer of any information related to national security interests (which are...more
5/16/2023
/ CFIUS ,
China ,
Cybersecurity ,
Economic Sanctions ,
Espionage ,
Forced Labor ,
Foreign Corporations ,
Human Rights ,
International Data Transfers ,
Investors ,
National Security ,
Popular
On the first anniversary of Russia’s invasion of Ukraine, the United States (U.S.), the European Union (EU), the United Kingdom (UK), the Group of Seven (G7), the Financial Action Task Force (FATF), and other authorities...more
3/31/2023
/ Asset Freeze ,
Bureau of Industry and Security (BIS) ,
Economic Sanctions ,
EU ,
Executive Orders ,
FATF ,
G7 ,
Imports ,
Military Conflict ,
Office of Financial Sanctions Implementation (OFSI) ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
UK ,
Ukraine ,
US State Departments ,
Visa Restrictions
Approximately one year ago, in the immediate wake of Russia’s full-scale invasion of Ukraine, the United States (U.S.), United Kingdom (UK), and European Union (EU) launched a global sanctions campaign against Russia that...more
3/3/2023
/ AML/CFT ,
Banks ,
Bureau of Industry and Security (BIS) ,
Compliance ,
Economic Sanctions ,
Enforcement ,
EU ,
Export Controls ,
Imports ,
Office of Foreign Assets Control (OFAC) ,
Oil & Gas ,
Risk Management ,
Russia ,
SDN List ,
Trade Policy ,
Ukraine
The United States Department of the Treasury has continued to signal that it will focus policy, regulatory, and enforcement attention on the financial crime and sanctions risk in the crypto and digital asset ecosystem...more
10/26/2022
/ Anti-Money Laundering ,
Anti-Terrorism Financing ,
Cryptocurrency ,
Digital Assets ,
Economic Sanctions ,
Enforcement ,
Financial Crimes ,
FinCEN ,
Office of Foreign Assets Control (OFAC) ,
Popular ,
Regulatory Oversight ,
Risk Assessment ,
Risk Management ,
U.S. Treasury
K2 Integrity delivers information and analysis on recent developments related to sanctions against Russia and key implications for the public, private, and non-profit sectors as the United States (U.S.), the European Union...more
10/13/2022
/ Asset Freeze ,
Belarus Sanctions ,
Bureau of Industry and Security (BIS) ,
Corruption ,
Department of Justice (DOJ) ,
Economic Sanctions ,
EU ,
Executive Orders ,
Export Administration Regulations (EAR) ,
Human Rights ,
Office of Financial Sanctions Implementation (OFSI) ,
Office of Foreign Assets Control (OFAC) ,
Oil Prices ,
Russia ,
U.S. Commerce Department ,
UK ,
Ukraine