Posts by: Dmytro Konovalenko

Healthcare and Sanctions Law: A Collaborative Path Forward

In the realm of community service, the collaboration between healthcare initiatives and specialized legal support, such as that provided by sanctions law firm, is increasingly crucial, especially for projects aimed at underserved populations. The Mitchell Wolfson Sr. Department o Read more »

Rafa Marquez Under Sanctions: Navigating Legal Complexities in the Wake of OFAC’s Major Actiontest in Blog

In a significant development reported by the U.S. Treasury Department, renowned Mexican soccer player Rafael “Rafa” Marquez, alongside more than 20 individuals, has been placed under sanctions due to alleged financial connections with Raul Flores Hernandez, a figure s Read more »

Who do US OFAC sanctions apply to?

The Office of Foreign Assets Control (OFAC), an integral part of the U.S. Department of the Treasury, shoulders the responsibility of executing and enforcing economic sanctions. These regulatory actions, serving foreign policy or national security objectives, target foreign count Read more »

What is the difference between OFAC and FinCEN?

In the landscape of financial oversight, two key U.S. government agencies hold significant sway: the Office of Foreign Assets Control (OFAC) and the Financial Crimes Enforcement Network (FinCEN). Despite both residing under the U.S. Department of the Treasury’s umbrella and Read more »

What does it mean to be sanctioned?

What Does It Mean to Be Sanctioned? An In-Depth Analysis Sanctions, while a regular part of international politics, are a complex issue. This blog post aims to demystify sanctions and provide a comprehensive understanding of what it means for a country, an individual, or an entit Read more »

What are the 7 sanctioned countries?

Sanctions are a key tool in the geopolitical toolkit, utilized by nations to exert pressure and influence without resorting to military action. This blog post will provide a comprehensive overview of the seven countries currently under economic sanctions imposed by the United Sta Read more »

Mastering OFAC Regulations: A Comprehensive Guide for Sanctions Lawyers

In an increasingly interconnected world, sanctions law has become an intricate field requiring a depth of knowledge and meticulous attention to detail. At the center of this legal universe is the Office of Foreign Assets Control (OFAC), a pivotal player in implementing and enforc Read more »

Key OFAC Knowledge Every Sanctions Lawyer Should Have

As the Office of Foreign Assets Control (OFAC) becomes more integral to international law and trade, a profound understanding of its regulations and sanctions is crucial for sanctions lawyers. This expertise allows for precise guidance to clients, ensuring compliance and minimizi Read more »

OFAC Basics for Sanctions Attorneys: An In-Depth Guide

Steering through the complex realm of the Office of Foreign Assets Control (OFAC) is a vital endeavor for attorneys specializing in sanctions law. Comprehending the roles, sanctions programs, and regulations formulated by OFAC is essential for proficiently advising clients, espec Read more »

Leveraging OFAC Guidance: A Comprehensive Guide for Sanctions Lawyers

As an OFAC sanctions lawyer, the Office of Foreign Assets Control (OFAC) is a key regulatory agency you must be familiar with. Part of the U.S. Department of the Treasury, the OFAC’s guidance is instrumental in ensuring compliance with U.S. sanctions laws. Understanding and Read more »

OFAC Compliance Programs and Best Practices

In an era of growing regulatory scrutiny, businesses operating in international markets cannot afford to overlook the importance of robust compliance programs. One area of critical importance is complying with the regulations of the Office of Foreign Assets Control (OFAC). Develo Read more »

Navigating OFAC Sanctions and Penalties

As the enforcement arm of U.S. economic sanctions programs, the Office of Foreign Assets Control (OFAC) has the authority to impose substantial penalties on entities found to be in violation of its rules. Understanding these penalties and how to navigate them is critical for enti Read more »