Did You Miss These Recent Significant Export and Sanctions Regulatory Developments?

The following provides a snapshot of recent regulatory export and sanctions developments in case you happened to miss these key news items: OFAC Sanctions Key Players in Iran’s Oil Sector On October 26, 2020, the Treasury Department’s Office of Foreign Assets Control (OFAC) added several individuals, entities and vessels to the Specially Designated Nationals (SDN) […]

U.S. State Department Increases Maximum Civil Penalty Amounts

U.S. State Department Increases Maximum Civil Penalty Amounts

As of January 3, 2018, the maximum civil penalty amounts that may be assessed by the U.S. State Department for violations of certain laws and regulations have been adjusted upwards for inflation per the Federal Civil Penalties Inflation Adjustment Act of 1990, as amended. What does this mean for U.S. companies? Briefly, violations of the Arms Export […]