OFAC designated a Chinese company and two individuals to the Specially Designated Nationals and Blocked Persons List. The designations were linked to human rights abuse in the Xinjiang Uyghur Autonomous Region.
A Federal Reserve Board, FDIC, OCC, SEC and CFTC final rule amending the "covered funds" provisions of the Volcker Rule was published in the Federal Register.
The SEC Division of Corporation Finance granted no-action relief to allow an Indian company to hold a tender offer open for only 10 business days in accordance with Indian law.
The DOJ filed a civil complaint for the forfeiture of funds from several "front" companies allegedly involved in a scheme to launder U.S. dollars on behalf of sanctioned North Korean banks.
OFAC postponed the effective authorization date for certain transactions relating to the Petróleos de Venezuela, S.A. 2020 8.5 Percent Bond to October 20, 2020.
OFAC removed seven related entities from its list of Specially Designated Nationals and Blocked Persons and revoked a related General License authorizing the wind down of certain transactions.
ISDA, the Asia Securities Industry and Financial Markets Association, the FIA, the Global Foreign Exchange Division and the Global Financial Markets Association recommended significant reforms to the European Union Benchmarks Regulation.
President Donald J. Trump authorized economic sanctions and travel restrictions against International Criminal Court personnel involved in investigating or prosecuting U.S. personnel without U.S. consent.
President Donald J. Trump directed the President's Working Group on Financial Markets to provide recommendations that address Chinese companies' audit failures.
In a new FAQ, OFAC explained that it would not target persons in Iran manufacturing humanitarian goods, such as "medicines, medical devices, or products used for sanitation or hygiene" - provided that the products are solely for use in Iran and not exported.
The DOJ filed a $20 million civil forfeiture Complaint in the U.S. District Court for the District of Alaska alleging violations of the International Emergency and Economic Powers Act and Iranian Transactions and Sanction Regulations violations.
OFAC withdrew a general license which had previously authorized certain activities for an entity that was majority- owned by Venezuela's state-owned oil company.
The Treasury Department issued an interim final rule that "establishes a fee for parties filing a formal written notice of a transaction for review by the Committee on Foreign Investment in the United States.”
The Federal Reserve Board, FDIC, OCC, SEC and CFTC stated that they will consider comments submitted past the deadline on a proposal to amend the Volcker Rule's "covered funds" provisions.
The CFTC Division of Swap Dealer and Intermediary Oversight provided temporary exemptive relief to non-U.S. introducing brokers that temporarily fail to register with the CFTC.
OFAC designated a subsidiary of a Russian state-controlled oil company for "operating in the oil sector of the Venezuela economy." In addition, OFAC amended several general licenses and two FAQs.
