EMTA Webinar: Update on EM Sanctions. January 25, 2022

Relevant documents:

OFAC-related materials are available in the country-specific Markets areas of EMTA’s website referenced below. EMTA Members are encouraged to visit these frequently as EMTA tracks events in those countries.

Belarus
https://www.emta.org/markets/markets-a-g/belarus/
China
https://www.emta.org/markets/markets-a-g/china/
Iran
https://www.emta.org/markets/markets-h-o/iran/
Russia
https://www.emta.org/markets/markets-p-z/russia/
Venezuela
https://www.emta.org/markets/markets-p-z/venezuela/

OFAC Settles with Airbnb Payments, Inc. for $91,172.29 Related to Apparent Violations of the Cuban Assets Control Regulations (January 3, 2022).

OFAC Settles with SAP SE for Its Potential Civil Liability for Apparent Violations of the Iranian Transactions and Sanctions Regulations (April 29, 2021).

OFAC Enters Into $507,375 Settlement with BitPay, Inc. for Apparent Violations of Multiple Sanctions Programs Related to Digital Currency Transactions (February 18, 2021).

OFAC Enters Into $8,572,500 Settlement with Union de Banques Arabes et Françaises for Apparent Violations of Syria-Related Sanctions Program (January 4, 2021).

OFAC Enters Into $98,830 Settlement with BitGo, Inc. for Apparent Violations of Multiple Sanctions Programs Related to Digital Currency Transactions (December 30, 2020).

Uyghur Forced Labor Prevention Act Increases Pressure on U.S. Businesses to Address Human Rights in Their Supply Chains - Allen & Overy Memorandum (January 18, 2022).

Economic Sanctions Developments and Consideration - Cleary Gottlieb Steen & Hamilton Memorandum (January 2022).

Recent Sanctions Designations Under the Global Magnitsky Act - Allen & Overy Memorandum (December 21, 2021).

OFAC Imposes Sanctions on Belarusian Sovereign Debt, Announces New Designations - Cleary Gottlieb Steen & Hamilton Memorandum (December 3, 2021).

OFAC Ramps up Targeting of Ransomware-linked Actors and FinCEN Updates Ransomware Advisory - Cleary Gottlieb Steen & Hamilton Memorandum (November 19, 2021).

Sanctions Compliance Guidance for the Virtual Currency Industry and Updated Frequently Asked Questions - Allen & Overy Memorandum (October 28, 2021).

OFAC Issues Sanctions Guidance to Virtual Currency Industry - Cleary Gottlieb Steen & Hamilton Memorandum (October 22, 2021).

OFAC Updates Ransomware Advisory and Sanctions Virtual Currency Exchange - Cleary Gottlieb Steen & Hamilton Memorandum (September 27, 2021).

Cryptocurrency and Other New Forms of Financial Technology: Potential Terrorist Financing Concerns and Liability - Cleary Gottlieb Steen & Hamilton Memorandum (June 25, 2021).

China Passes "Anti-Foreign Sanctions Law" - Cleary Gottlieb Steen & Hamilton Memorandum (June 21, 2021).

Biden Administration Overhauls Chinese Securities Investment Restrictions - Cleary Gottlieb Steen & Hamilton Memorandum (June 14, 2021).

Developments in US Sanctions Targeting Russia - Allen & Overy Memorandum (April 21, 2021).

Developments in Sanctions Targeting Myanmar - Allen & Overy Memorandum (April 1, 2021).

WTO Panel Issues Ruling on U.S. Tariffs Against China - Allen & Overy Memorandum (September 23, 2020).