Rachel Fiorill

Sep 16, 2024 | jdsupra.com | Andrea Delisi |Rachel Fiorill |Nathanael Felix Kurcab

On September 11, 2024, OFAC announced its Interim Final Rule to Extend Recordkeeping Requirements from Five to 10 Years. The Interim Final Rule (IFR) was published in the Federal Register on September 13, 2024. Public comments on the IFR are due by October 13, 2024, following the instructions outlined in the Federal Register notice. Unless the IFR is modified as part of that public comment process, the new requirements set out in the IFR will take effect on March 12, 2025.

Jun 25, 2024 | practicesource.com | Charles Capito |Liv Chap |Andrea Delisi |Rachel Fiorill

Charles Capito, Liv Chap, Andrea Delisi, Rachel Miras Fiorill, Brandon Van Grack, Narges Kahvazadeh, Nathanael Kurcab, Elyse Beth Martin, John Smith Morrison & Foerster LLP On June 12, 2024, the United States took several hard-hitting sanctions- and export control-related actions intended to intensify pressure on the Russian government and hamper Russia’s ability to continue to support its war in Ukraine.[1] The U.S. government designated over 300 individuals and entities (persons) deemed to...

Apr 30, 2024 | jdsupra.com | Liv Chap |Andrea Delisi |Rachel Fiorill

On April 24, 2024, President Biden signed into law a long-debated $98 billion foreign aid and national security legislative package (the “Act”) providing funds for Israel, Taiwan, and Ukraine, and authorizing new sanctions and related actions with respect to Russia and Iran, among others.

Mar 25, 2024 | jdsupra.com | Liv Chap |Andrea Delisi |Rachel Fiorill

On March 14, 2024, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced its first enforcement case of the year and its first ever involving dealings with a Russian designated for sanctions under Executive Order (E.O.) 14024, the basis for most of OFAC’s recent sanctions targeting Russia.

Mar 11, 2024 | lexology.com | JOhn Smith |John Smith |Rachel Fiorill |Andrea Delisi

On March 6, 2024, the U.S. Departments of Commerce, Justice, and the Treasury issued a Tri-Seal Compliance Note (Compliance Note) stressing the need for non-U.S. persons to comply with U.S. sanctions and export controls.