OFAC
Economic Sanctions: Introducing Uncertainty into Trade Instruments?
Economic sanctions challenge lawyers to navigate compliance and regulatory interpretations. The historical case of Shanning International v. Lloyds TSB Bank highlights the ongoing nature of demand guarantees amidst changing sanctions. Recent US OFAC views also complicate trade finance obligations.
US Treasury Designates Faciltators of Russian Sanctions Evasion
On 20 April 2022, U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated Russian bank,
Sanctions Advisories for the Maritime Industry
Practical challenges and recommendations for financial institutions regarding the monitoring of AIS outages and suspicious vessel activity EXECUTIVE SUMMARY The