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Sanctions Sound-Off: A National Security & Trade Compliance Blog

Welcome to Sanctions Sound-Off: A National Security & Trade Compliance Blog.  This blog is a place to share the latest changes in U.S. economic sanctions, trade compliance, and BSA/AML laws.  We welcome all contributions from practitioners in this area, including attorneys, consultants, and compliance officers.

To be more specific, the topics covered by this blog will include, but not always be limited to:

  1. U.S. economic sanctions regulations administered by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC).  This will range from developments, enforcement actions, and compliance matters.
  1. Export controls administered by the U.S. Department of Commerce Bureau of Industry and Security (BIS).  This will range from issues involving the Commerce Control List (CCL), the Export Administration Regulations (EAR), and the International Traffic in Arms Regulation (ITAR).
  1. The Bank Secrecy Act (BSA) and related Anti-Money Laundering (AML) regulations administered by the U.S. Department of the Treasury Financial Crimes Enforcement Network (FinCEN).  The will range from compliance issues involving BSA/AML regulation of financial institutions and money service businesses, Reports of Foreign Bank and Financial Accounts (FBAR), and the Financial Action Task Force (FATF).

The goal of this blog is to discuss regulatory developments for other practitioners in this area and to identify important changes for companies in the U.S. and across the world.  If you have any related topics you want to write about, please send us an email.

Please remember, this blog is not and should not be construed as legal advice.  Economic sanctions, export controls, and anti-money laundering compliance are all very fact-specific areas of law and you should contact counsel if you have any questions or concerns.