With the first 100 days of the Trump Administration in the books, it’s abundantly clear that trade compliance—whether involving economic sanctions, export controls, or tariffs—will remain a cornerstone of the country’s foreign policy strategy. As such, sanctions...
Each quarter, we send many of our clients a quarterly trade compliance update, highlighting important developments over the last few months and summarizing key points for important sanctions programs. Click here to download the quarterly update for April. Below is a...
On April 28, 2025, the U.S. Department of the Treasury’s Office of Foreign Assets Control ("OFAC") announced sanctions targeting three vessels and their owners for providing support to Ansarallah, otherwise known as the Houthis. OFAC designated three vessels—Al Numan,...
On April 17, 2025, the U.S. Department of Treasury’s Office of Foreign Assets Control (“OFAC”) formally sanctioned the International Bank of Yemen Y.S.C. (“IBY”) over the institution’s support of the Houthi organization. Along with designating the bank itself, OFAC...