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Event Recap
Event Recap
This presentation provided an overview of U.S. sanctions principles and developments, with a focus on the Biden Administration’s sanctions imposed on Russia as a result of its invasion of Ukraine.
June 2, 2022
Video
Insight
Insight

This week, Financier Worldwide Magazine released their 2022 Sanction Compliance and Enforcement RoundTable report in their March issue. David Johnson, who leads V&E’s Government Contracts, and Export Controls and Economic Sanctions practices, contributed as a panelist in the conversation, which highlights the most pressing sanctions-related issues and enforcement activity in international trade in the past year.

Published in Financier Worldwide 

February 23, 2022
Insight
Insight

On October 5, 2021, the Bureau of Industry and Security (“BIS”) issued a final rule formally expanding its controls over the export of biotechnology software.

November 11, 2021
Insight
Insight

On May 19, 2021, the Federal Emergency Management Agency (“FEMA”) announced that it is removing export restrictions on four categories of personal protective equipment (“PPE”) and other items used to address the effects of the COVID-19 pandemic.

V&E Export Controls Update

May 25, 2021
Insight
Insight

On February 18, 2021, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) announced a half-million dollar settlement with BitPay, Inc. (“BitPay”), a U.S. company that processes digital currency transactions, for apparent sanctions violations involving buyers located in embargoed jurisdictions.

March 4, 2021
Event Recap
Event Recap
Members of V&E’s National Security & International Trade practice discussed recent trade and investment developments and what to expect in the new Administration.
January 21, 2021
Video
Insight
Insight

On December 31, 2020, the Federal Emergency Management Agency (“FEMA”) published a temporary final rule again extending and modifying export restrictions on scarce and critical health and medical supplies.

V&E Export Controls Update

January 4, 2021
Insight
Insight

On October 20, 2020, the Treasury Department’s Office of Foreign Assets Control (“OFAC”) announced that it had reached a $4.1 million settlement with Berkshire Hathaway, Inc., the multinational conglomerate holding company controlled by Warren Buffett, and its Turkish subsidiary, Iscar Kesici Takim Ticareti ve Imalati Limited Sirket (“Iscar Turkey”), for the subsidiary’s violations of U.S. economic sanctions against Iran.

V&E OFAC Sanctions Update

October 26, 2020
Insight
Insight

On October 8, 2020, the Attorney General’s Cyber-Digital Task Force (“the Task Force”) issued its Cryptocurrency Enforcement Framework (the “Report”), which offers background on virtual assets, enforcement milestones, and plans for increasing scrutiny into the use of cryptocurrency, following the Task Force’s inception in 2018.

October 22, 2020
Insight
Insight

On October 1, 2020, the Office of Foreign Assets Control (“OFAC”) issued guidance warning of potential sanctions risks for making ransomware payments related to malicious cybersecurity incidents. The same day, the Financial Crimes Enforcement Network (“FinCEN”) issued an advisory related to the role of financial institutions in processing ransomware payments.

October 8, 2020
Insight
Insight

On August 6, 2020, the Federal Emergency Management Agency (“FEMA”) issued a temporary final rule modifying the list of Personal Protective Equipment (“PPE”) subject to FEMA’s export restrictions and extending the restrictions until December 31, 2020.

V&E Export Controls Update

August 10, 2020
Insight
Insight

On Thursday, April 16 and Monday, April 20, 2020, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) made announcements to address the global COVID-19 crisis, recognizing both that providing COVID-related humanitarian assistance abroad requires consideration of applicable sanctions and that companies’ sanctions compliance resources may be stretched thin during the pandemic.

May 1, 2020