Companies operating in the maritime, shipping, and oil trade sectors must conduct thorough due diligence to ensure compliance with the EU’s 16th package of economic sanctions related to Russia’s invasion of Ukraine, especially in light of the newly introduced criterion potentially targeting entities that facilitate the activities of unsafe oil tankers. With the EU’s expanded …
In December 2024, Russian cybersecurity giant Kaspersky Lab completed its exit from the US market after being banned the from doing business in the United States by the Bureau of Industry and Security. Regulators notified Kaspersky in June 2024 that it needed to exit the US market by December 2024 due to the national security …
Introduction The Federal Trade Commission’s (FTC) new “Click-to-Cancel” rule officially went into effect on January 14, 2025 and gives businesses until May 14, 2025 to ensure full compliance. Finalized on October 16, 2024, the rule aims to simplify the cancellation process for consumers who want to terminate recurring subscriptions like streaming services, pet insurance, gym …
Summary Companies engaged in Syria’s post-Assad reconstruction efforts have significant opportunities in key sectors such as infrastructure, energy, and telecommunications. For businesses investing in Syria’s recovery, understanding and navigating the complicated maze of sanctions compliance is essential to avoiding financial and reputational risks. Understanding Syria’s Emerging Market As Syria’s political landscape shifts, potential investors …
Summary On November 26, the U.S. Fifth Circuit Court of Appeals issued a partial ruling that Tornado Cash’s immutable smart contracts cannot be considered “property,” and are therefore not subject to the sanctions issued by the Office of Foreign Assets Control (OFAC). This decision could become a turning point for crypto compliance, highlighting the ongoing …
