Topic: Sanctions

Chinese cable manufacturer charged with export controls violations for helping ZTE in Iran

Far East Cable was charged with violating US export regulations by helping ZTE continue selling telecommunications equipment to Iran.

09 August 2022

Former DOJ attorney Brian Fleming joins Steptoe

Fleming left Miller & Chevalier after five years and started at Steptoe on 1 August to work with the firm’s national security, trade controls and CFIUS practice.

05 August 2022

US government foregoes reply to Russian billionaire's request for Supreme Court review of sanctions designation

The case filed by aluminium tycoon Oleg Deripaska is unlikely to be taken up by the Supreme Court.

01 August 2022

Report: OFAC investigating crypto platform Kraken

27 July 2022

OFAC pushes continuous monitoring in enforcement action

The agency issued a finding of violation against a bank for not knowing that two of its customers were on the sanctions list.

26 July 2022

NCA confirms arrest of lawyers in sanctions evasion crackdown

The UK’s National Crime Agency has arrested at least 10 individuals suspected of helping “corrupt elites” to evade sanctions, it has emerged.

22 July 2022

Counsel Watch: Paul Hastings joins defence team in FARA dispute

In the latest counsel watch, a US businessman has bolstered his legal team in a civil dispute with the US Justice Department over his alleged role as a Chinese foreign agent, and Russian oligarch Peter Aven instructed a UK legal team to challenge an asset freezing order.

22 July 2022

US Senate committee considers legislative proposals to strengthen DOJ's ability to seize Russian oligarch assets

The director of the US government unit tasked with holding Russian oligarchs accountable for sanctions violations and other crimes asked members of the US Senate Judiciary Committee to back legislation that would increase the statute of limitations on foreign offences, among other things.

20 July 2022

UK court: oligarch’s frozen funds can be used for certain living expenses

A London judge has ruled that funds held in bank accounts linked to sanctioned Russian billionaire Petr Aven can be used to pay for running costs.

19 July 2022

Amex fined over Venezuela drug gang sanctions breaches

OFAC said the credit card company faced a fine of over $300 million if it hadn’t cooperated with the agency’s investigation and improved its sanctions compliance systems.

18 July 2022

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