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Client Alerts 10 results

Client Alert | 11 min read | 06.17.24

Pressure Rising: New U.S. and UK Sanctions and Export Controls Increase Risks for Lingering Russia Exposure, Indirect Evasion in the Supply Chain, and IT Support for Russia Operations

On June 12, 2024, the U.S. Department of the Treasury’s Office of Foreign Asset Control (OFAC) and the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) announced additional sanctions and export restrictions in response to Russia’s continued aggression in Ukraine. The next day, the UK announced additional sanctions designations.

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Client Alert | 3 min read | 05.23.24

Voluntary Self-Disclosure Leads to National Security Division’s First Declination to Prosecute Company Under Enforcement Policy

On May 22, 2024, the U.S. Department of Justice’s National Security Division (NSD) announced its first declination to prosecute a company under its Enforcement Policy for Business Organizations (Enforcement Policy).

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Client Alert | 6 min read | 03.21.24

Federal District Court Rules Corporate Transparency Act Unconstitutional

On March 1, 2024, the U.S. District Court for the Northern District of Alabama (the “Court”) issued an opinion declaring the Corporate Transparency Act (“CTA”) unconstitutional. On the same date, the Court issued a Final Judgment enjoining the U.S. Department of the Treasury (“Treasury”) from enforcing the CTA as to the named plaintiffs. On March 11, Treasury filed a notice of appeal of the Court’s ruling. According to Treasury’s Financial Crimes Enforcement Network (“FinCEN”), the only immediate impact of the Court’s injunction is to the named plaintiffs and the members of the National Small Business Foundation, effective March 1, 2024.

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