by Matt Stankiewicz | Oct 31, 2025 | Trade Compliance
Each quarter, I send my clients a trade compliance update, highlighting important developments over the last few months and summarizing key points for important sanctions programs. If you would like to be added to the distribution list, please email me at...
by Matt Stankiewicz | Oct 29, 2025 | Compliance, Trade Compliance
With the continued rise in remote work, companies now face a unique vector for potentially significant sanctions risks that continues to catch even the most vigilant companies off guard. This threat comes from the Democratic People’s Republic of Korea “DPRK” or...
by Matt Stankiewicz | Oct 24, 2025 | Trade Compliance
On October 22, 2025, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) has issued full blocking sanctions on Open Joint Stock Company Rosneft Oil Company (“Rosneft”) and Lukoil OAO (“Lukoil”) pursuant to Executive Order 14024. This...
by Matt Stankiewicz | Sep 22, 2025 | Trade Compliance
On September 20, 2025, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) announced a settlement agreement with ShapeShift AG, which was formerly a prominent cryptocurrency exchange. The company agreed to pay $750,000 to settle its...
by Matt Stankiewicz | Sep 15, 2025 | Trade Compliance
On September 15, 2025, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) issued its “Reminder to File the 2025 Annual Report of Blocked Property.” Entities or persons subject to the reporting requirement under 31 C.F.R. § 501.603 of the...
