Akin Gump International Trade Lawyers Author Article on New OFAC Regulations
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Law360 has published the article “Another Restricted-Party List For Your OFAC Collection,” written by Akin Gump international trade partner Wynn Segall, counsel Rebekah Jones and associate Gola Javadi.
The article analyzes a recent notice by the Department of the Treasury’s Office of Foreign Assets Control (OFAC) that it was naming new parties as “Foreign Sanctions Evaders.” The authors say the move by Treasury reflects “new focus by OFAC on its authority to sanction individuals and entities determined by the U.S. government to have violated, attempted to violate, conspired to violate or caused to violate U.S. sanctions against Syria or Iran.” The article proceeds to discuss the implications for U.S. companies and individuals as a result of OFAC’s latest action.
Please click here to read the full article.
