U.S. sanctions law
BIS advises financial institutions to guard against EAR violations through: (1) screening against export lists, (2) enhanced due diligence for high-risk transactions, (3) derisking, and (4) reporting and self-disclosing EAR violations. The BIS guidance reiterates FIs’ obligation to file suspicious activity reports (SARs) as directed in three prior FinCEN-BIS alerts.
Hdeel Abdelhady talked to NPR about intensified Iran sanctions and North Korea sanctions, and the United States’ ability to impose strong sanctions owing to U.S. dollar dominance.
The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) released an advance version of its Final Rule on October 7, 2024, amending parts of 31 C.F.R. § 501.603. The Final Rule governs reports on unblocked property. The Final Rule will take effect 30 days after its publication in the Federal Register.
The Global Magnitsky Sanctions target corruption and serious human rights abuse worldwide, without need for a U.S. jurisdictional nexus. MassPoint’s Global Magnitsky FAQs answers frequently asked questions about the Global Magnitsky Sanctions program (GloMag).
Hdeel Abdelhady discussed the critical minerals, national security, and supply chains nexus in this American Bar Association program.
Hdeel Abdelhady to Participate in Panel on Sanctions in a State of Flux Hdeel Abdelhady to discuss sanctions compliance amidst the pandemic, as…
Hdeel Abdelhady was quoted in American Banker, on Russia and Brics nations’ efforts to develop U.S. dollar cross-border payments alternatives, including considering U.S. sanctions.
OFAC Sanctions Paraguayan Tobacco Firm Ties to Sanctioned Ex-President By Hdeel Abdelhady The Treasury’s Office of Foreign Assets Control (OFAC) re-imposed sanctions on…
Fly Baghdad, CEO, and Aircraft as “Specially Designated Global Terrorists” Author: Hdeel Abdelhady The United States sanctioned Fly Baghdad, a privately owned commercial…