The Department of Justice (DOJ) is reshaping the Criminal Division’s white-collar program to focus on tariff and trade fraud. In the past months, DOJ has significantly narrowed the scope of Foreign Corrupt Practices Act enforcement. Now, DOJ is dedicating significant additional resources and attention to tariff evasion. On July 10, acting Assistant Attorney General of
Key investigations and enforcement trends for Q2 2025
With President Donald Trump’s return to the White House, the legal environment has been ever-changing. On Wednesday, April 9th, we gathered a group of regulatory attorneys from across Reed Smith’s global platform to provide a 90-minute CLE that outlines the key changes that have occurred during Trump’s first 100 days, as well as
OFAC reaches a settlement with crypto platform following an investigation into sanctions violations
The U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) recently reached a settlement with a multi-asset trading platform where, to settle its potential civil liability for violations of sanctions against Iran, Cuba, and Venezuela, the crypto platform agreed to pay $72,230.
In a recent post, our team outlines the alleged sanctions violations and
Regulatory roundup: top takeaways for 2023
International sanctions task force created to help freeze Russian oligarchs’ assets
The U.S., along with several other countries and the European Commission, launched a multilateral task force called the Russian Elites, Proxies, and Oligarchs (REPO) to identify and freeze the assets of Russian oligarchs.
Continue Reading International sanctions task force created to help freeze Russian oligarchs’ assets