Shaswat K. Das

Sep 24, 2024 | jdsupra.com | Shaswat K. Das |Jamieson Greer |Danielle Pressler

Updates Related to the Doubling of the Statute of Limitations for Civil and Criminal Violations of Primary Sanctions Authorities SUMMARY As discussed in our May 7, 2024 alert, on April 24, 2024, President Biden signed into law a foreign military support package (i.e., H.R. 815), which included a provision doubling the statute of limitations (“SOL”) from five to ten years for civil and criminal violations of the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) sanctions...

May 8, 2024 | jdsupra.com | Shaswat K. Das |Jamieson Greer |J. Philip Ludvigson

Implications Related to the Doubling of the Statute of Limitations for Civil and Criminal Violations of Two Primary Sanctions Authorities SUMMARY On April 24, 2024, President Biden signed into law a foreign military support package (i.e., H.R. 815), which notably included a provision doubling the statute of limitations (“SOL”) from five to ten years for civil and criminal violations of the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) sanctions programs authorized under...