United States: OFAC Extends Compliance Oversight To Foreign Financial Institutions - Lewis Brisbois Bisgaard & Smith LLP

United States: OFAC Extends Compliance Oversight To Foreign Financial Institutions - Lewis Brisbois Bisgaard & Smith LLP

Mondaq

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On December 22, 2023, the Office of Foreign Asset Control (OFAC) issued a Sanctions Advisory that provides guidance to "foreign financial institutions that conduct or facilitate significant transactions or provide any service involving Russia's military-industrial base."

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