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
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