In a newly-released compliance note, the DOJ, Office of Foreign Assets ("OFAC") and the U.S. Department of Commerce Bureau of Industry and Security ("BIS") outlined red flags that U.S. entities should be on the lookout for, and which may signify efforts to evade Russia-related sanctions.
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A tobacco manufacturer registered in India settled OFAC charges for violating North Korea sanctions regulations.
The Financial Action Task Force suspended Russia's membership in response to its "unprovoked and unjustified" invasion of Ukraine.
OFAC designated multiple individuals and entities in a broad expansion of sanctions against Russia.
A multinational HVAC manufacturer settled OFAC charges for violating multiple sanctions regulations and the International Emergency Economic Powers Act.