Kristen Jimenez

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.

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.