The E.U. Imposes Sector-Based Sanctions Against Belarus, but Limits Impact with Narrow Definitions
Benoit Beaulieu, ACSS Reporter
July 27, 2021
Benoit Beaulieu, ACSS Reporter
July 27, 2021
July 01, 2021 By: Benoit Beaulieu, ACSS Reporter On January 19th of this year, the European Commission issued a publication effectively titled The Resilience Communication. The communication puts forth a strategy towards strengthening the euro...
May 26, 2021 By: Benoit Beaulieu, ACSS Reporter In July 2020, U.K. Foreign Secretary Dominic Raab introduced a landmark piece of legislation to the parliamentary floor: the U.K. Global Human Rights Sanctions Regime (GHR). As the U.K.’s first...
Date: August 17, 2016 The US Treasury Department’s Office of Foreign Assets Control (OFAC) plays, arguably, the biggest role in implementation and enforcement of US sanctions. All US persons, including US financial institutions, must comply...
Date: July 11, 2016 On June 30, 2016, the New York banking regulator issued new rules that puts pressure on boards and senior management of financial institutions to make sure they don’t do business with sanctioned entities and other bad actors....
Date: March 28, 2016 United States Bank examiners are instructed in their work by an extensive "Examination Manual” issued by an umbrella U.S. government agency called the Federal Financial Institution Examination Council (FFIEC). The FFIEC...
Author: Debra Geister* Date: March 24, 2016 For many banks, and indeed for other business organizations, undertaking a sanctions compliance program seems at first like a straightforward, relatively easy endeavor. After all, how difficult can...
Author: Bruce Zagaris Date: January 8, 2015 On November 4, 2015, the New York State Department of Financial Services (NYDFS) and the U.S. Department of the Treasury entered into a settlement agreement with Deutsche Bank.1 Deutsche Bank agreed to...
Author: Bruce Zagaris Date: January 8, 2016 In August 3, 2015, the New York State Department of Financial Services (DFS) issued a report criticizing the work of Promontory Financial Group LLC as a monitor of Standard Chartered Bank and suspended...