President Trump continued his flurry of sanctions actions with the recent revocation of the Syrian sanctions program. On June 30, 2025, President Donald Trump issued Executive Order (“EO”) 14312 “Providing for the Revocation of Syria Sanctions” marking a significant shift in U.S. sanctions policy toward Syria. Effective July 1, 2025, this E.O. terminated the comprehensive […]| Stankie Law
On May 12, 2025, the U.S. Department of Justice Criminal Division’s Assistant Attorney General Matthew R. Galeotti announced changes to the Department’s white-collar criminal enforcement policies. Through his speech at the Securities Industry and Financial Markets Association’s annual AML conference and in a corresponding memo released that same day, AAG Galeotti laid out the DOJ’s […]| Stankie Law
In the first part of this series—available here—I provided a background on the changes and underlying motivations of President Trumps actions regarding sanctions and export controls during his first 100 days in office. This second part will provide further information to help compliance professionals prepare to navigate the remaining length of his Administration. Stay Informed […]| Stankie Law
Quarterly Trade Compliance Update – November 2025| Stankie Law
Each quarter, I send my clients a trade compliance update, highlighting important developments over the last few months and summarizing key points for important sanctions programs. If you would like to be added to the distribution list, please email me at Matt@stankielaw.com. In addition to a variety of ad hoc designations, below is a summary […] The post Quarterly Trade Compliance Update – November 2025 appeared first on Stankie Law.| Stankie Law
With the continued rise in remote work, companies now face a unique vector for potentially significant sanctions risks that continues to catch even the most vigilant companies off guard. This threat comes from the Democratic People’s Republic of Korea “DPRK” or “North Korea”) and its deployment of IT and software development workers to generate illicit […] The post Navigating OFAC Sanctions Risks From North Korean Remote Workers appeared first on Stankie Law.| Stankie Law
On October 22, 2025, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) has issued full blocking sanctions on Open Joint Stock Company Rosneft Oil Company (“Rosneft”) and Lukoil OAO (“Lukoil”) pursuant to Executive Order 14024. This marks a significant escalation in pressure on the Russian Federation by adding Russia’s two largest […] The post OFAC Increases Sanctions on Rosneft and Lukoil, Adding Both to the SDN List appeared first on Stankie ...| Stankie Law
On September 20, 2025, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) announced a settlement agreement with ShapeShift AG, which was formerly a prominent cryptocurrency exchange. The company agreed to pay $750,000 to settle its potential civil liability stemming from violations related to multiple sanctions programs. Over the course of nearly […] The post Cryptocurrency Compliance Lessons from ShapeShift’s OFAC Sanctions Violations appeared first o...| Stankie Law
On September 15, 2025, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) issued its “Reminder to File the 2025 Annual Report of Blocked Property.” Entities or persons subject to the reporting requirement under 31 C.F.R. § 501.603 of the Reporting, Procedures and Penalties Regulations (“RPPR”) must submit a comprehensive report of […] The post Reminder to file your 2025 Annual Report of Blocked Property With OFAC: Due date September 30, 2025 app...| Stankie Law
On September 3, 2025, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) announced a settlement agreement with Fracht FWO Inc. (“Fracht”) to settle apparent violations of multiple sanctions programs. Fracht, an international freight forwarder headquartered in Houston, TX, agreed to pay $1,610,775 as a settlement after the company contracted with an […] The post Fracht FWO Inc. Fined $1.6 million for ‘Reckless Disregard’ of OFAC Sanctions appeared...| Stankie Law
Each quarter, I send my clients a trade compliance update, highlighting important developments over the last few months and summarizing key points for important sanctions programs. In addition to a variety of ad hoc designations, below is a summary of key events this past quarter: Click here to download the quarterly update for July. Additionally, […] The post Quarterly Trade Compliance Update – July 2025 appeared first on Stankie Law.| Stankie Law
On July 8, 2025, the United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) announced a settlement with Harman International Industries, Inc. (“Harman”) for $1,454,145 to settle potential civil liabilities stemming from eleven apparent violations of the Iranian Sanctions Program. Harman, a Connecticut-based audio electronics company, ultimately shipped its products to Iran […] The post OFAC Fines Harman International $1.4 Million for Iran Sanctions ...| Stankie Law
On July 15, 2025, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) announced a settlement agreement with Interactive Brokers LLC (“Interactive Brokers”) violations of multiple U.S. sanctions programs. OFAC identified 12,367 apparent violations from programs including OFAC’s Russia, Venezuela, Syria, and Global Magnitsky sanctions programs, as well as the Chinese Military-Industrial […]| Stankie Law
Stankie Law is a boutique law firm providing premier legal strategies, professional service, and affordable rates. Our goal is to provide practical and effective solutions crafted specifically to the needs of each individual client.| Stankie Law
On July 2, 2025, The U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) announced a settlement agreement for $608,825 with Key Holdings, Inc. (“Key Holdings”), a Delaware-based global logistics company. The settlement resolves potential civil liability related to violations of the Cuban Assets Control Regulations. Over the course of a year and […]| Stankie Law
