Although aid to Israel, Ukraine, and Taiwan made headlines last month when President Biden signed H.R. 815, the law also significantly expanded the scope of agencies’ enforcement authority under two key national security laws: the International Emergency Economic Powers Act (IEEPA) and the Trading with the Enemy Act (TWEA). Both now have 10-year civil
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
Could the easing of sanctions herald the beginning of a new relationship between the U.S. and Cuba?
The U.S. Department of Treasury’s Office of Foreign Assets Control (OFAC) announced on June 8, 2022, that it is amending the Cuban Assets Control Regulations, 31 C.F.R. Part 515 to implement aspects of a policy announced by President Biden’s administration which intends to “increase support for the Cuban people.”
It is common for the Cuba