News
New European Union sanctions on Russia and Belarus
15 July 2024
The below alert provides a high-level overview of several measures recently adopted by the European Union (the “EU”) targeting Russia and Belarus, which include:(1) A new...
Publications
News
Commerce bans U.S. transactions with Russian cybersecurity firm Kaspersky under ICTS authority
12 July 2024
On June 20, 2024, Commerce’s Bureau of Industry and Security issued a Final Determination prohibiting Kaspersky Lab, Inc. from directly or indirectly providing anti-virus software and ...
News
Significant new measures against Russia issued by US Departments of Treasury, State, and Commerce
01 July 2024
On 12 June 2024, the US Departments of Treasury, State, and Commerce imposed new restrictions targeting Russia, including: (i) restricting the provision of certain information technology...
News
Recent Singapore decisions highlight sanctions and export controls enforcement
25 June 2024
The Singapore government has refused to renew the visa of the U.S.-born chief executive of a shipping company after the company was designated by the U.S. Treasury for breaching Russian...
Insights and Analysis
Optimists see opportunities; pessimists see risk. Your counsel should see both.
20 May 2024
The India - Middle East - Europe Economic Corridor (IMEC) is expected to generate significant investment opportunities in sectors such as construction, rail, shipping, logistics, energy and ...
News
Statute of limitations extended for violations of U.S. sanctions
15 May 2024
Congress has doubled the statute of limitations for violations of most U.S. sanctions programs administered by the U.S. Department of the Treasury’s Office of Foreign Assets...
News
New EU Sanctions Reporting Obligations in Force as of 1 May 2024 and 1 June 2024
16 April 2024
The new EU notification requirements relating to transfers of funds out of the EU by EU entities with a certain level of direct or indirect Russian ownership enters into force soon. The...
News
Deepened UK-U.S. collaboration: Celebrating the first anniversary of the OFAC–OFSI partnership
21 March 2024
October 2023 marked the first anniversary of the enhanced partnership between the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) and the United...
Insights and Analysis
Towards an inevitable evolution of the enforcement of EU restrictive measures
20 March 2024
On December 12, 2023, a proposal for a Directive on "the definition of criminal offences and penalties for the violation of Union restrictive measures" was released. In this...
