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The Director of the U.S. Department of the Treasury’s Office of Foreign Assets Controls (“OFAC”) made two sanctions-related determinations on September 15, 2022, pursuant to E.O. 14024 and E.O. 14071, related to “quantum computing” and the Russian Federation. The same day, the U.S. Department of Commerce’s Bureau of Industry and Security (“BIS”) complemented these actions

15th Berlin Forum on Global Economic Sanctions

8-9 June 2022 | Courtyard by Marriott Berlin City Center, Berlin

C5 invites you to attend the 15 th Berlin Forum on Global Economic Sanctions on 8-9 June 2022 at theCourtyard by Marriott Berlin City Center, Berlin! Industry across Europe is confronting an increasinglyunpredictable economic sanctions landscape-amid rapid

The U.S. Department of the Treasury’s Office of Foreign Assets Control’s (“OFAC”) January 2022 settlement agreement with Sojitz (Hong Kong) Limited for alleged violations of the Iranian Transactions and Sanctions Regulations (“ITSR”), 31 C.F.R. Part 560, is an important reminder of how conglomerates—which are typically multinational—can run afoul of U.S. economic sanctions. The global reach

U.S. economic sanctions programs and export controls generally have a soft spot for transactions related to the supply of agricultural commodities, medicine, and medical devices (“AgMed”). This is not only because certain sanctioned countries (e.g. Iraq) have experienced humanitarian catastrophes as a result of sanctions themselves, but the Trade Sanctions Reform and Export

When creating or enhancing a U.S. economic sanctions compliance program, businesses will typically refer to certain published guidance from the U.S. Government that may include the U.S. Department of the Treasury’s Office of Foreign Assets Control’s (“OFAC”) A Framework for OFAC Compliance (“Compliance Framework”), the U.S. Department of Justice’s Evaluation of Corporate Compliance Programs (Updated

Tune into your favorite news network these days and there’s a lot of speculation on how the United States and its allies (mainly the European Union and the United Kingdom) may respond to a Russian military invasion of Ukraine, especially with coordinated economic sanctions and export controls. However, it is still possible to sift through

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The 14th Annual Advanced Forum on Economic Sanctions Enforcement and Compliance is widely regarded as the flagship event for senior executives and practitioners, who work in the areas of global sanctions compliance, internal audits and investigations, international trade, banking, insurance, forensic accounting and white-collar crime.

FEATURING KEYNOTE SPEAKERS: Andrea Gacki, Director of the Office of

Recently, I reviewed a response by the United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) to a request for interpretative guidance, or in the alternative, specific license authorization. Here is a run down of the basic facts that were responded to: a U.S. entity sought to collaborate and partner with Iranian