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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 »

As the global economy develops and international relations become stronger, more and more organizations and individuals are faced with the need to comply with OFAC sanctions and various international regulations. The main regulator is the US Office of Foreign Assets Control (OFAC Read more »

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 »

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 »