Work Area: Sanctions

UK law enforcement looks to “squeeze” out sanctions evasion enablers

A senior official at the National Crime Agency said his agency is ramping up pressure on businesses and individuals that are aiding Russian sanctions evasion.

31 January 2023

FinCEN identifies sanctions evasions red flags in real estate deals

The US commercial real estate market is uniquely vulnerable to sanctions evasions because of its relative opacity, according to a recent alert from FinCEN.

26 January 2023

New DOJ policy may lead to more declinations, lawyers say

A December 2022 memo penned by Attorney General Merrick Garland is the latest iteration of what lawyers have described as DOJ leadership’s flip-flopping position on how harsh prosecutors should be in charging decisions.

25 January 2023

Former FBI official arrested for violating sanctions on Deripaska

US authorities arrested a retired FBI agent for providing services to sanctioned Russian oligarch Oleg Deripaska in exchange for secret payments.

24 January 2023

DOJ charges businessmen over servicing of Russian oligarch’s yacht

US prosecutors have accused two businessmen of facilitating sanctions evasion by helping a sanctioned Russian “obfuscate” his ownership of a $90 million motor yacht.

23 January 2023

Lawyers request more clarity, transparency from OFAC amid enforcement guidance revamp

The US’ civil sanctions enforcer should provide more clarity on when cases are considered egregious and provide further details on its cooperation with international partners as part of its enforcement guidance overhaul, practitioners said.

23 January 2023

Crowell hires former OFAC chief counsel

OFAC’s former chief counsel told GIR that Russia’s full-scale invasion of Ukraine was a catalyst for increased international collaboration on more sanctions and export control programmes than just those targeting Russia.

23 January 2023

Halkbank arguments leave Supreme Court grappling with diplomatic implications

Justices weighed whether opening the Turkish bank up to sanctions evasions charges could yield a flood of litigation against foreign countries from ambitious federal, state and local prosecutors.

19 January 2023

FRC investigates audit of Russian fintech’s holding company

18 January 2023

US man to forfeit $2.9 million for violating Iran sanctions

A dual US-Iranian citizen pleaded guilty to two simultaneous schemes to trade Iranian oil products.

10 January 2023

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