Posts by: Dmytro Konovalenko

Sanctions are one of the tools of international law used to influence countries, organisations, and individuals. Their primary aim is to prevent human rights abuses, military conflicts, and other global threats. The Office of Foreign Assets Control (OFAC) of the US Department of Read more »

An essential component of conducting international business is accurately identifying the countries that are closed to trade. The Office of Foreign Assets Control (OFAC) plays a key role in maintaining an up-to-date list of countries which are subject to OFAC sanctions. In doing Read more »

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 »

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 »

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 »

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 »

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 »

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 »

Operating under the U.S. Department of the Treasury, the Office of Foreign Assets Control (OFAC) is instrumental in implementing and enforcing economic and trade sanctions across the United States. OFAC’s mission – to safeguard national security and advance foreign po Read more »