On June 24, 2026, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) officially removed Nadiya Cherkasova, Irina Kremleva, and Viktor Nikolaev from the Specially Designated Nationals and Blocked Persons (SDN) List. These three were Akrivis Law Group, PLLC’s…
U.S. Sanctions Regulations Blog
Tracking Developments in U.S. and other International Sanctions Regulations
Blog Archives
Lessons From the Applied Materials Case
As a corporate trade compliance lawyer, the recent publication of the settlement between BIS (Bureau of Industry and Security) and Applied Materials, a major American manufacturer of semiconductor equipment, had to catch my attention. How can you miss a settlement…
Posted in Uncategorized
What do you do if you discover a problem?
I have been advising clients as an international trade compliance lawyer for 20 years, be it at global law firms, in-house counsel at major multinational companies, and in a boutique firm. To help clients handle difficult and stressful situations effectively,…
Tagged with: business, Compliance, Export Controls, politics, Sanctions, technology
Posted in Uncategorized
Posted in Uncategorized
OFAC issues Syria General License
As arguably its first major action of the new year, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on January 6 issued a new general license (GL) in response to last month’s fall of the government…
$1.1 Million OFAC Penalty for Personal Investment in Iran
You may have read that the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on November 15 announced the issuance of a $1.1 million penalty, in a [so far] rare instance of enforcement against an individual for…
US Announces Sweeping Sanctions on Russian related entities on eve of anniversary of Ukraine invasion
Approaching the second anniversary of the Russian war on Ukraine and in the immediate aftermath of opposition leader Aleksy Navalny’s death, the U.S. Departments of State, Treasury, and Commerce today introduced a wide-ranging sanctions on individuals and entities tied to…
Sanctioned – what being added to OFAC’s SDN list really means
With all the news surrounding the imposition of sanctions on Russia following the country’s February 2022 invasion of Ukraine, many questions abound as to what “being sanctioned” really means. This post will address the issues surrounding being named onto the…
Posted in Uncategorized
U.S. sanctions large global networks of Russia facilitators and evaders
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today announced scores of designations onto its List of Specially Designated Nationals and Blocked Persons (the “SDN List”). The 25 individuals and 29 entities had a nexus to…
Posted in Uncategorized
US Department Of Justice Can Pursue Criminal Charges For Sanctions Evasion By Cryptocurrency, Court Rules
My partner at Akrivis, Sam Amir Toossi, who heads the firm’s White Collar Defense and Commercial Litigation practice wrote this piece, which features on our firm’s website as well. Those of us in the sanctions regulatory and compliance field may…
Posted in Uncategorized
Iran Family Remittances: What’s the Latest?
It’s been a long time since I wrote about this topic, but it remains one of perennial interest for many. Unlike many developing countries, Iran is a perhaps a net sender rather than receiver of family remittances. This therefore constantly…
Posted in Uncategorized
U.S. Sanctions Regulations Blog 