Tal R. Machnes

Nov 12, 2024 | mondaq.com | Kerry Walsh |Marcus A. Asner |Soo-Mi Rhee |Tal R. Machnes

On October 30, 2024, the U.S. Department of the Treasury, Office of Foreign Assets Control (OFAC) announced new sanctions against 275 individuals and entities, including sanctions against individuals involved in "sprawling sanctions evasion networks." The wide-ranging designations span 17 jurisdictions, including India, China, Switzerland, Thailand, and Turkey.

Nov 7, 2024 | arnoldporter.com | Kerry Walsh |Marcus A. Asner |Soo-Mi Rhee |Tal R. Machnes

On October 30, 2024, the U.S. Department of the Treasury, Office of Foreign Assets Control (OFAC) announced new sanctions against 275 individuals and entities, including sanctions against individuals involved in “sprawling sanctions evasion networks.” The wide-ranging designations span 17 jurisdictions, including India, China, Switzerland, Thailand, and Turkey.

Oct 25, 2024 | mondaq.com | Bell Johnson |Junghyun Baek |Tal R. Machnes |Michael Mancusi

On October 9, 2024, the U.S. Commerce Department, Bureau of Industry and Security (BIS) issued new guidance to financial institutions on how to comply with and minimize the risk of violating the Export Administration Regulations (EAR). Through this new guidance, BIS is affirmatively recommending that financial institutions implement EAR-related due diligence procedures within their existing compliance programs.

Mar 20, 2024 | arnoldporter.com | John Barker |Soo-Mi Rhee |Baruch Weiss |Tal R. Machnes

On March 6, 2024, the U.S. Departments of Commerce, Treasury, and Justice issued a Tri-Seal Compliance Note emphasizing non-U.S. persons’ obligations to comply with U.S. sanctions and export control laws, and the potential enforcement actions that may result from compliance failures.

Nov 7, 2023 | mondaq.com | Kerry Walsh |Marcus A. Asner |Tal R. Machnes

Last month, the Cleveland Museum of Art (the Museum) mounted a rare legal challenge to an attempt by the New York County District Attorney's Office (DANY) to seize and repatriate a centuries-old headless bronze sculpture, said to originate from Turkey. DANY's latest antiquities seizure is part of an ongoing and apparently expanding effort by its Antiquities Trafficking Unit to investigate and prosecute alleged antiquities theft.