OFAC
Sanctions Clauses – Here to Stay, so How to Deal with Them?
Following his writing in the past two editions of DCW, Robert Parson examines legal developments on sanctions and sanctions clauses that have arisen in courts recently and implications for LC practice.
Regulatory and Enforcement Trends for AML and Sanctions
DCW Recap of Arnold & Porter Webinar From primarily a US perspective, legal professionals from Arnold & Porter and a
US Takes Sweeping Action against Russian Banking System
Seeking to further eliminate options for Russia’s use of the international financial system, the US Treasury’s Office of
2024 Americas LC Law Summit: Executive Summary
For the 25th consecutive year, the Institute of International Banking Law & Practice conducted its one-day Letter of Credit Law Summit. This Executive Summary provides an overview of topics discussed and debated at the conference hosted by Hogan Lovells in New York and conducted as a hybrid event.
2024 ABA/ABA Financial Crimes Enforcement Conference: Executive Summary
Conducted by the American Bar Association and the American Bankers Association (ABA), the 36th annual ABA/ABA Financial Crimes Enforcement Conference took place 8-9 October 2024 in Arlington, Virginia.
Toxic Tonnage: How the Dark Fleet puts the world at environmental & economic risk
The “Dark Fleet” exposes financial institutions to sanctions violations, lawsuits, and losses. Learn how to mitigate these hidden risks.
Navigating turbulent waters: The Red Sea crisis and its impact on the fight against financial crime
Houthi attacks in the Red Sea have led to major disruptions in global trade routes. With increased criminal activity and reduced visibility, banks are under increased pressure to meet sanctions and counter terrorism requirements.
Celestial Aviation Services Ltd. v. UniCredit Bank GmbH, London Branch [2024]
English Court of Appeal (Civil Division) reversed trial judgments in favour of standby beneficiaries.
Singapore Cracks Down: CEO Denied Visa Amid Sanctions Violations
Singapore’s Ministry of Manpower denied a work visa to Philip Adkins, CEO of Red Box Energy Services, in June
OFAC Broadens Sanctions Targeting Houthi Network
On 10 June 2024, the US Treasury’s Office of Foreign Assets Control (OFAC) designated for sanctions ten individuals, entities,
Vessel Due Diligence: The Need to Treat Vessel Screening as a Key Internal Control
FIs have many risks complying with OFAC maritime sanctions, including the "dark fleet". Read about the economic and environmental risks.
