On June 23, 2023, the Council of the European Union adopted a new, eleventh package of restrictive measures (Package) to ensure that EU sanctions against Russia are better enforced and
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European Commission Proposes Criminalizing Economic Sanctions Violations and Bolsters Asset Recovery Measures
By Erik de Bie & Robert Hardy on
Posted in EU, European Commission, European Directive, Featured, GT Alert, International Trade, Trade
To make it easier to investigate, prosecute, and punish violations of restrictive measures in all EU Member States, on May 25, 2022, the European Commission (Commission) proposed making the violation…
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OFAC Crystalizes Its Expectations for Economic Sanctions Compliance Programs
Posted in international litigation
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…
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