On Oct. 31, 2024, The Office of Foreign Assets Control ("OFAC") of the U.S. Department of the Treasury published a “Sanctions Guidance for the Maritime Shipping Industry” (the “Guidance”). The Guidance is directed primarily...more
On July 22, 2024, the Office of Foreign Assets Control ("OFAC") of the U.S. Department of the Treasury issued a Guidance on Extension of Statute of Limitations (the "Guidance"). The Guidance calls attention to the recently...more
On August 8, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) issued a Guidance for the Provision of Humanitarian Assistance to Syria. Syria is embargoed under U.S. sanctions laws. Among other...more
On July 23, the New York Times published a full-page editorial titled “Fixing Sanctions.” A major theme is that U.S. sanctions laws strike indiscriminately at governments as well as at ordinary citizens, causing unnecessary...more
On July 11, 2023, the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) issued Hostages and Wrongful Detention Sanctions Regulations (Regulations). The Regulations were issued pursuant to Executive Order...more
On June 14, the U.S. Treasury Department's Office of Foreign Assets Control (“OFAC”) published a Fact Sheet: Provision of Humanitarian Assistance and Trade to Combat COVID-19 (the “Fact Sheet”). The 14-page Fact Sheet...more
On May 19, the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) issued an amendment to Directive 4 of the Russian Harmful Foreign Activities Sanctions. As originally issued on Feb. 28, 2022, in the immediate...more
On May 17, the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) announced it will be issuing a revised set of sanctions regulations against South Sudan. South Sudan has been sanctioned by OFAC since 2014,...more