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Global Investigations & Compliance Review

U.S. Sanctions Review: A Recap of OFAC’s 2025 Enforcement Actions and a Look Ahead

The U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) has issued four enforcement actions during the first half of this year, two in January under former President Biden and two in June under President Trump.  These actions, described below, underscore the ongoing relevance of sanctions compliance programs in the Trump era.  2025...... Continue Reading

July 2025 | Blog

Global Investigations & Compliance Review

OFAC Guidance on the Statute of Limitations Extension

The President’s signing of the 21st Century Peace through Strength Act (the “Act”)[1] on April 24, 2024 marked one of the most significant expansions of the sanctions enforcement authority of the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”). For many decades OFAC’s civil enforcement actions have been limited to five years...… Continue Reading The post OFAC Guidance on the Statute of Limitations Extension appeared first on Global Investigations & Compliance Review.

July 2024 | Blog

Publication

Vikings on the Mississippi River?

May 2024 | Americas

Global Investigations & Compliance Review

U.S. Sanctions Review: A Recap of OFAC’s Recent Enforcement Actions (Second Half 2023)

The second half of 2023 saw eight enforcement actions from the Department of the Treasury’s Office of Foreign Assets Control (“OFAC”).  These actions reflect a range of penalties, industries, sanctions programs, conduct, and lessons learned.  Below are some highlights from OFAC’s enforcement releases and settlement agreements. Penalties OFAC imposed a total of $984,851,289.90 in penalties...… Continue Reading The post U.S. Sanctions Review: A Recap of OFAC’s Recent Enforcement Actions (Second Half 2023) appeared first on Global Investigations & Compliance Review.

January 2024 | Blog