The sanctions enforcement storm is underway. As we highlighted in the introduction to this blog series, the quickly evolving sanctions landscape of recent years has increased the complexity of compliance. Keeping up with ever-changing multi-jurisdictional sanctions and adapting compliance practices has proven challenging for companies with complex operations and supply chains. Instances of non-compliance can be inevitable. A company’s investigation triage plan should evaluate mandatory disclosure obligations and, if there are none, the availability and…
Latest Posts
- OFAC Issues New Determination Related to Burma Sanctions and Related FAQs
- US Government Imposes Sanctions Against Burma
- Blog Series: Navigating the Impending Global Sanctions Enforcement Storm – Sanctions Voluntary Self-Disclosure Trends and Potential Pitfalls across the Globe
- EU Council Adopts Directive on the Criminalization of EU Sanctions Violations
- OFSI updates guidance on the monetary penalties for breaches of financial sanctions
- Treasury and State Make Additional SDN Designations Targeting Russia; OFAC Issues Russia-Related General Licenses
- US: Sanctions Enforcement in 2024: A Fireside Chat with OFAC Associate Director, Lawrence Scheinert
- BIS Issues Interim Final Rule and DDTC Issues Proposed Rule to Ease Export Licensing Requirements for Australia and the United Kingdom in Support of the Australia, UK and United States (“AUKUS”) Enhanced Trilateral Security Partnership
- Türkiye imposes a total export and import ban against Israel
- Canada Amends Iran Sanctions Regulations Following Strikes on Israel: 2 Individuals and 2 Entities Targeted
On April 29, 2024, the European Union (“EU”) adopted the Directive (EU) 2024/1226 on the definition of criminal…
The Office of Financial Sanctions Implementation (“OFSI“) published an update to the monetary penalties for breaches of financial…
On May 1, 2024, the US Department of the Treasury’s Office of Foreign Assets Controls (“OFAC”) and the…
Please join Baker McKenzie and ICPA for a fireside chat with Lawrence Scheinert, Associate Director for Enforcement, Compliance, and Analysis…
The Bureau of Industry and Security (“BIS”) issued an interim final rule (“IFR”), effective on April 19, 2024,…
On May 2, 2024, the Ministry of Trade of Türkiye announced on its official Twitter account that Türkiye…