-
1 month ago | 
mondaq.com | Andrés Fernández |Gabriel Caballero Jr. |Peter Hardy |Eddie Jauregui
The U.S. Department of the Treasury's Financial CrimesEnforcement Network (FinCEN) on March 11, 2025, issued a GeographicTargeting Order (the Southwest GTO) to combat the illicitactivities and money laundering of Mexico-based cartels, drugtraffickers and other criminal actors along the Southwest U.S.border.
-
1 month ago | 
jdsupra.com | Gabriel Caballero Jr. |Andrés Fernández |Peter Hardy
The U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) on March 11, 2025, issued a Geographic Targeting Order (the Southwest GTO) to combat the illicit activities and money laundering of Mexico-based cartels, drug traffickers and other criminal actors along the Southwest U.S. border.
-
1 month ago | 
lexology.com | Andrés Fernández |Gabriel Caballero Jr. |Peter Hardy |Eddie Jauregui |Daniel Noste |Catherine Yepes
Highlights The U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) on March 11, 2025, issued a Geographic Targeting Order (the Southwest GTO) to combat the illicit activities and money laundering of Mexico-based cartels, drug traffickers and other criminal actors along the Southwest U.S. border.
-
1 month ago | 
mondaq.com | Andrés Fernández |Gabriel Caballero Jr. |Daniel Noste |Catherine Yepes
The Trump Administration announced that it would end certainoil-related concessions involving Chevron Corp. operations inVenezuela granted by the Biden Administration. The U.S. Department of the Treasury's Office of ForeignAssets Control (OFAC) issued Venezuela General License 41A,"Authorizing the Wind Down of Certain Transactions Related toChevron Corporation's Joint Ventures in Venezuela," whichallows for previously authorized activities to be subject to awind-down period.
-
1 month ago | 
jdsupra.com | Gabriel Caballero Jr. |Andrés Fernández |Kristen Jimenez
The Trump Administration announced that it would end certain oil-related concessions involving Chevron Corp. operations in Venezuela granted by the Biden Administration. The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) issued Venezuela General License 41A, "Authorizing the Wind Down of Certain Transactions Related to Chevron Corporation's Joint Ventures in Venezuela," which allows for previously authorized activities to be subject to a wind-down period.
-
1 month ago | 
jdsupra.com | Gabriel Caballero Jr. |Rosa Cuevas |Andrés Fernández
U.S. President Donald Trump issued Executive Order 14157 (the EO) on Jan. 20, 2025, calling for the designation of drug cartels and other foreign organizations as foreign terrorist organizations (FTOs) or specially designated global terrorists (SDGTs) in an effort to combat drug trafficking and dismantle foreign criminal networks, including those operating across the U.S.-Mexico border.
-
2 months ago | 
jdsupra.com | Gabriel Caballero Jr. |Jonathan Epstein |Andrés Fernández
The Trump Administration has begun efforts to repatriate migrants to various Latin American countries, including Mexico, Guatemala, Brazil and Colombia. Certain Latin American leaders initially threatened to reject the repatriation flights in addition to condemning the practice.
-
2 months ago | 
jdsupra.com | Gabriel Caballero Jr. |Jonathan Epstein |Andrés Fernández
Newly elected U.S. President Donald Trump on Jan. 20, 2025, signed an omnibus executive order rescinding 78 executive actions taken by the previous administration, including sanctions-related orders regarding Cuba. The executive order reverses plans announced on Jan. 14, 2025, by then-President Joe Biden, which aimed to relax certain sanctions on Cuba.
-
Jan 17, 2025 | 
jdsupra.com | Gabriel Caballero Jr. |Jonathan Epstein |Andrés Fernández
The White House released a statement on Jan. 14, 2025, announcing efforts by President Joe Biden to relax sanctions on Cuba in support of the Cuban people through a series of broad steps expected to result in the release of a significant number of political prisoners in Havana. President Biden announced plans to 1) lift the U.S. designation of Cuba as a State Sponsor of Terrorism, 2) issue a waiver for Title III of the Helms-Burton Act for six months beyond Jan.
-
Dec 10, 2024 | 
law.com | Andrés Fernández |Gabriel Caballero Jr. |Kristen Jimenez
The swift rise of instant payment platforms such as Venmo and Zelle has revolutionized financial transactions, offering unmatched speed and convenience, but this transformation introduces significant compliance challenges for financial institutions—especially international banks—primarily due to the complexities involved in adhering to anti-money laundering (AML) and economic sanctions in an area where regulatory guidance is sparse or unclear.
