Tag Archives: economic sanctions

EU Sanctions: European Commission President Pushes for Greater Resilience, Proper Enforcement

Ursula von der Leyen, the new president of the European Commission, has called for ‘new proposals to ensure Europe is more resilient to extraterritorial sanctions by third countries and to ensure that the sanctions imposed by the EU are properly enforced…throughout its financial system.’ See September 2019 Mission Letter from President von der Leyen to Valdis Dombrovskis, … Continue Reading

OFAC Crystalizes Its Expectations for Economic Sanctions Compliance Programs

On May 2, 2019, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) published A Framework for OFAC Compliance Commitments, which details more than 10 pages of long-standing OFAC practices on corporate economic sanctions compliance programs. With this publication, companies operating internationally are now on notice that compliance program elements that used … Continue Reading
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