Assets Control News Today

You are reading the April 2024 Update of the Bass, Berry & Sims Enforcement Roundup, where we bring notable enforcement actions, policy changes, interesting news articles, and a bit of our insight to your inbox.

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) issued General License 44A (GL 44A) on April 17, 2024, replacing and superseding General License 44...

Today, following the death of opposition politician and anti-corruption activist Aleksey Navalny, and after two years of Russia's unprovoked and unlawful full-scale invasion of Ukraine, the Commerce Department's Bureau of Industry and Security (BIS) imposed additional export restrictions.

The Access Rule is the second of three planned FinCEN rulemakings pursuant to the CTA.

Last month, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) settled with Privilege Underwriters Reciprocal Exchange ("PURE")...

On April 24, 2024, the U.S. Congress passed the 21st Century Peace Through Strength Act (the "Act"), a part of the Foreign Aid Package (the "Package"), which includes various provisions concerning U.S. sanctions...

In recent years, economic sanctions have become an increasingly important U.S. foreign policy tool and the digital asset industry has become a key focus of sanctions regulators and prosecutors.

On November 21, 2023, the Treasury Department, through the Financial Crimes Enforcement Network (FinCEN) and Office of Foreign Assets Control (OFAC)...

Corporate Counsel Insights is an interview series featuring conversations with leading general counsel and in-house lawyers.

In a significant regulatory action taken earlier this month, the New York State Department of Financial Services (NYDFS) imposed a $1.25 million fine on Payoneer...