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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 February 8, 2023, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) published FAQ 1113 related to the Russian Harmful Foreign Activities Sanctions...
Not only are lawyers and law firms not immune from experiencing cybersecurity incidents but they are also in a distinctive position: Such incidents might subject them to legal...
On September 21, 2021, the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) published an updated sanctions advisory, providing guidance to companies on sanctions compliance obligations...
Office of Foreign Assets Control OFAC of the US Treasury published sanctions compliance guidance for the virtual currency industry: sanctions requirements and procedures, including licensing and enforcement processes, and highlights sanctions compliance best practices