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ARTICLE · 02 AUGUST 2019

Economic Sanctions And Export Controls Update Q2 2019

Kirkland & Ellis International LLP
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Several important legislative, regulatory, and enforcement updates took place related to economic sanctions and export controls for the second quarter of 2019.

United StatesInternational Law
Mario Mancuso
Mario Mancuso
Anthony Rapa
Anthony Rapa
Sanjay Mullick
Sanjay Mullick
Abigail E. Cotterill
Abigail E. Cotterill

Several important legislative, regulatory, and enforcement updates took place related to economic sanctions and export controls for the second quarter of 2019. Kirkland & Ellis attorneys discuss these actions, and what they may indicate about trends and takeaways in the second half of 2019.

The View from Washington: Key Compliance Takeaways

  • The Department of the Treasury Office of Foreign Assets Control (OFAC) continued to build on its heightened Q1 enforcement efforts, bringing 13 settlement and penalty actions against non-U.S. financial institutions, as well as U.S. and non-U.S. companies across a wide array of industries including shipping, software, and e-commerce travel.

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