Sanctions Evasion Using High-Value Artwork — OFAC’s Art Advisory

April 29, 2021 By: Benoit Beaulieu, ACSS Reporter As of late, unconventional mediums of exchange and stores of value, such as cryptocurrencies, have been a focal point for governments looking to...

OFSI’s New Teeth: Sanctions in the Wake of ‘Brexit’ and Actions Taken by the UK Regulator (So Far)

February 27, 2020 By: Anna Sayre, CSS, Director of Content at ACSS On January 31, 2020, the U.K. Parliament finally cut ties from the E.U. after two years of grueling debates and discussions in...

Recent OFAC Settlements with Non-Financial Companies and Lessons Learned

November 4, 2019 By: Thomas Nollner* A commonly held misconception within the sanctions industry is that Office of Foreign Assets Control (OFAC) sanctions programs only apply to financial...

Wake Up To Sanctions | Second Quarter 2019 – Summer Edition Sanctions Round Up

August 05, 2019 OFAC Publishes New Framework for Compliance Commitments, Naming 5 Essential Components On May 2, 2019, the U.S. Treasury’s Office of Foreign Assets Control (OFAC) published a...

Lessons from the Euroturbine Case: Global Trends and Enhanced Due Diligence Essential to Safeguard Your Business

February 21, 2019 By: Jan Verloop* On February 18, 2019, Euroturbine B.V. (Euroturbine), a Dutch supplier of specialist parts for gas and steam turbines, was fined for the illicit export of...

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U.S. Court Denies Bail to Dual Turkish-Iranian National Charged with Violating Iran Sanctions Not withstanding Jurisdictional Issues

U.S. Court Denies Bail to Dual Turkish-Iranian National Charged with Violating Iran Sanctions Not withstanding Jurisdictional Issues

Date: July 29, 2016 By: Bruce Zagaris* On June 16, 2016, U.S. District Court Judge Richard M. Berman in Manhattan denied bail for Reza Zarrab, a dual Turks-Iranian national and gold trader, charged with violating Iranian sanctions.1 Decision to...

U.S. Indicts 7 Iranians Working for Islamic Revolutionary Guard Corps-Affiliated Entities for Coordinated Cyber Attacks Against the U.S. Financial Sector

U.S. Indicts 7 Iranians Working for Islamic Revolutionary Guard Corps-Affiliated Entities for Coordinated Cyber Attacks Against the U.S. Financial Sector

Author: Bruce Zagaris* Date: May 15, 2016 On March 24, 2016, Attorney General Loretta E. Lynch, Director James B. Comey of the FBI, Assistant Attorney General for National Security John P. Carlin and U.S. Attorney Preet Bharara of the Southern...

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