Sanctions Update ▪ October 4, 2021 ▪ PDF OFAC Authorizes Afghanistan Humanitarian Aid and Activities Otherwise Prohibited by Counter-Terrorism Sanctions, Publishes FAQs On September 24, 2021, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued two general licenses…
Hdeel Abdelhady discusses U.S. blocking and non-blocking sanctions and their potential impacts in Reuters.
The United States and its allies have unleashed a barrage of sanctions on Russia, in response to the invasion of Ukraine. Here, we discuss some of the blocking and non-blocking sanctions imposed on VTB, VEB, the Russian Direct Investment Fund, and Russia's Central bank.
The imposition of Global Magnitsky anti-corruption sanctions on two Cambodian related to the Ream Naval Base is strategically significant in the context of U.S. concerns about China's activities and influence in Cambodia.
After the 2016 Presidential election, MassPoint PLLC published five issues to watch in 2017 (and beyond). We revisit our predictions on the five issues, which we expect to remain watch-worthy under the Biden Administration.
The United States has targted a Belt& Road project with Global Magnitsky Sanctions. The move is significant, and might signal a ratcheting up of U.S. opposition to the BRI, which has largely comprised rhetoric, diplomatic lobbying, and relatively tepid competition, such as by the establishment of the U.S. International Development Finance Corporation (DFC).
The Treasury Department’s announcement of the sanctions speaks to the foreign policy and geostrategic significance of the UDG sanctions action. The release speaks of China’s “malign” investment in Cambodia, its use of the UDG projects in Cambodia to “advance ambitions to project power globally,” “disproportionality benefit” itself through BRI projects, and concerns that the Dara Kakor project “could be converted to “host military assets.” The Treasury Department’s language echoes U.S. concerns about the BRI and other Chinese international project financing activities, including that China engages in “debt trap” financing.
In the second part of her Q&A with Accuity, Hdeel Abdelhady shared her thoughts on the current and potential impacts of the COVID-19 pandemic on global supply chains, sanctions, and financial crime
In guidance issued on June 5, 2020, OFAC explained that manufacturers in Iran of medicine, PPE, childcare items, and other essential supplies will be exempt from sanctions targeting Iran's manufacturing sector pursuant to EO 13902.
Hdeel Abdelhady shared her insights with Accuity on the sanctions landscape and the role of lawyers in fighting financial crime