As a further response to the February 1, 2021 military coup in Burma, on March 25, 2021, the Treasury Department’s Office of Foreign Assets Control announced additional sanctions on Bur...
In its first public action with respect to the sanctions under the new Biden administration, OFAC issued an amended general license and two new responses to Frequently Asked Questions add...
The Anti-Money Laundering Act of 2020 implements the most extensive revisions to anti-money laundering law since the USA PATRIOT Act of 2001. The changes will affect both traditional fin...
On December 28, 2020 the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) released Frequently Asked Questions (FAQs) relating to Executive Order 13959, “Addre...
With the House expected to vote on a cannabis legalization bill tomorrow, we have updated our visual memorandum to describe the post-election prospects for the three most important cannab...
On November 12, 2020 President Trump issued a new Executive Order, “Executive Order on Addressing the Threat from the Securities Investments that Finance Communist Chinese Military Comp...
The Financial Crimes Enforcement Network (FinCEN) and the Federal Reserve Board (together the Agencies) last week proposed amendments (the Proposed Rules) to the Travel Rule regulations a...
On October 17, 2020, the National People’s Congress Standing Committee adopted the Export Control Law of the People’s Republic of China (the “PRCECL”) within a year after the firs...
On October 14, 2020, the U.S. State Department submitted to relevant committees of Congress the report required under Section 5(a) of the Hong Kong Autonomy Act of 2020 (“HKAA”). The ...
The Committee on Foreign Investment in the United States (“CFIUS”) recently promulgated final regulations that modify the scope of the mandatory declaration rules for transactions inv...
