OFAC Penalizes Two Foreign Banks in One Week for U.S. Sanctions Violations: Key Takeaways

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)

WorldECR article co-authored by Partner Farhad Alavi offers lessons on removal from the U.S. BIS Entity List and Japan’s METI End-User List

WorldECR (Export Control Review), a premier trade publication based in London, last month published an article co-authored by Akrivis Law Group, PLLC Partner Farhad Alavi and Daisuke Takahashi of Shinwa Sohgoh Law Offices in Japan on removal from the U.S. Department of Commerce’s Bureau of

Covid19

Managing Risk And Change In The Coronavirus Era

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