Posts by: Dmytro Konovalenko

Sanctions policy is a crucial tool that countries use to influence international relations, particularly in combating terrorism, human rights violations, and other threats. The primary body regulating sanctions in the USA is the Office of Foreign Assets Control (OFAC). This agenc Read more »

Sanctions are a powerful tool of foreign policy, used to limit the economic activity of certain countries, companies, or individuals. The primary body that regulates sanctions in the USA is the Office of Foreign Assets Control (OFAC). It establishes and ensures compliance with sa Read more »

Trade sanctions always attract attention due to their ability to change the balance of power on the international stage. They impact global trade, forcing companies to revise their strategies and nations to forge new alliances. But behind every decision to impose sanctions lie co Read more »

Sanctions have become a significant tool in modern politics, influencing economies, markets, and international relations. They are implemented to pressure governments, companies, or individuals, changing their actions or strategies. Economic sanctions hold a special place among s Read more »

With the rapid development of financial technologies and cryptocurrencies, it’s becoming increasingly difficult for governments to regulate digital assets. One of the most significant regulatory initiatives in recent years has been the FATF Travel Rule, aimed to combat mone Read more »

The Financial Action Task Force (FATF) establishes standards to combat financial crimes, such as money laundering and the terrorist financing. As part of assessing the success of these recommendations, the FATF issues and regularly updates “grey” and “black̶ Read more »

Watchlist Screening process is a procedure for checking individuals, organisations, and transactions against special lists that contain information on suspicious and prohibited persons and companies. This method is an important part of the AML/CFT strategy, as it helps to identif Read more »

Export controls play a pivotal role in ensuring security and compliance with Germany’s international obligations. This system is regulated by the Federal Office for Economic Affairs and Export Control (BAFA) and aims to prevent the proliferation of weapons of mass destructi Read more »

The Office of Foreign Assets Control (OFAC) oversees the regulation of cross-border financial transactions involving U.S. parties, enforcing sanctions that restrict or prohibit dealings with specified foreign individuals and entities. To steer clear of OFAC enforcement actions, U Read more »

Refer to Related Case Documents: E.O. 14066, E.O. 14071 (“Prohibitions on Certain Services as They Relate to the Maritime Transport of Crude Oil of Russian Federation Origin”) (the “crude oil determination”, “Prohibitions on Certain Services as They Relate to the Mariti Read more »

Refer to Related Case Documents: E.O. 14038, E.O. 13405, International Emergency Economic Powers Act (IEEPA), 50 U.S.C. §§ 1701-1706, National Emergencies Act (NEA), 50 U.S.C. §§ 1601-1651 (for Belarus Sanctions), E.O. 14114, E.O. 14071, E.O. 14068, E.O. 14066, E.O. 14039, E. Read more »

Refer to Related Case Documents: E.O. 13876, E.O. 13846, the International Emergency Economic Powers Act (IEEPA), 50 U.S.C. §§ 1701-1706; Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010, Public Law 111-195, As Amended Through Public Law 112-239, Enacted Read more »