by AdrianaAMLP | Mar 26, 2024
The bank allegedly facilitated transactions involving individuals from sanctioned countries. This case highlights the importance of financial institutions adhering to international sanctions regulations to prevent illicit activities and maintain global...
by Jyotsna Bucktowar | Mar 15, 2024
According to OFAC, al-Shabaab generates more than $100m per year to support al-Qa’ida ambitions worldwide and is responsible for some of the worst terrorist attacks in East Africa’s modern history that have claimed the lives of thousands of innocent civilians. The...
by Jyotsna Bucktowar | Mar 12, 2024
This Note highlights the applicability of U.S. sanctions and export control laws to persons and entities located abroad, as well as the enforcement mechanisms that are available for the U.S. government to hold non-U.S. persons accountable for violations of such laws,...
by Jyotsna Bucktowar | Mar 1, 2024
OFAC is taking action against two companies registered in Hong Kong and the Marshall Islands that own and operate a vessel, the Panama-flagged KOHANA, shipping over $100 million in Iranian commodities to businesses in the People’s Republic of China (PRC) on behalf of...
by Jyotsna Bucktowar | Feb 13, 2024
This alert includes an overview of key OPC evasion methods and recommendations for identifying such methods and mitigating their risks and negative impacts and Information on how to report OPC suspected breaches across the price cap coalition…
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