Cases underscore possible heightened enforcement against foreign financial institutions The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has issued two penalties against non-U.S. financial institutions this past week. The agency’s December 28, 2020 settlement with Saudi Arabia-based National Commercial Bank (NCB)…
On July 1, the U.S. Departments of State, the Treasury, Commerce, and Homeland Security issued a detailed advisory (the “Advisory”). This is in response to the various types of regulatory exposure companies could face when dealing with suppliers and vendors in China’s northwestern Xinjiang region, given…
Mitigating Risk and Leading Change During These Challenging Times The fast and far-reaching spread of the COVID19 (Coronavirus) has disrupted daily personal life and business operations. As large public gatherings are canceled, offices and schools close, and business travel curtailed, businesses must carefully consider the impact of this pandemic on their operations and obligations. These…
We are proud to announce that we secured the removal of Akrivis Law Group, PLLC client Technology Links Pvt. Ltd. from the U.S. Department of Commerce’s Bureau of Industry & Security (BIS) Entity List. The BIS added Technology Links to its Entity List on September…
Akrivis Law Group, PLLC is pleased to release its latest Client Alert, titled United States implements significant relaxation of Cuba Sanctions, co-written by Managing Partner Farhad R. Alavi and Senior Counsel Eric N. Ubias. This Client Alert concisely details some of the key changes to…
