Podcasts
How do sanctioned Russian oligarchs continue to move their wealth despite international restrictions? The answer lies in real estate, shell companies, and complicit gatekeepers. In this episode of Corruption, Crime, and Compliance, Michael Volkov dives into one of the latest OFAC enforcement actions against Family International and its owner, Roman
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On July 3, 2024, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) announced that it had amended entries for a multitude of entities sanctioned under the Treasury’s Russian Harmful Foreign Activities Sanctions regime. The updated designations for the entities—all of which are
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Following the death of opposition politician Alexey Navalny, the Biden Administration announced a large swath of new and additional sanctions on the Russian Federation. The U.S. Department of Treasury’s Office of Foreign Assets Control (”OFAC”), in conjunction with the Department of State and the Department of Commerce, added
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Alexander J. Cotoia currently serves as the Regulatory Compliance Manager at The Volkov Law Group, where he regularly advises the firm and its clients on the latest developments implicating trade compliance concerns. He may be reached at acotoia@volkvovlaw.com. On December 22, 2023, President Joseph R. Biden, Jr. issued
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Sam Finkelstein, Associate at The Volkov Law Group, rejoins us for a new posting on OFAC's announcement of new sanctions targeting Russia's military-industrial complex. Sam can be reached at sfinkelstein@volkovlaw.com. The United States is determined to ensure that no one profits off of
Podcasts
Microsoft agreed to pay $2,980,265.86 for illegal exports of services and software to sanctioned jurisdictions and Specially Designated Nationals (“SDNs”) in violation of OFAC’s Cuba, Iran, Syria, and Ukraine-/Russia-Related sanctions programs. Most of the violations involved prohibited Russian entities or persons located in the
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Alex Cotoia, Regulatory Manager at The Volkov Law Group, rejoins us for another important post on new Russian sanctions. Alex can be reached at acotoia@volkovlaw.com. On February 24, 2023—the first anniversary of the Russian Federation’s Ukraine incursion—the United States Department of the Treasury’s Office
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I am sticking with my 2023 prediction – DOJ is committed to aggressive enforcement of the Russia sanctions. Most of its efforts to date have been directed against Russian Oligarchs and significant evaders who are moving products and facilitating financial transactions that directlty or indirectly further Russia’s invasion of the
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DOJ is poised for a big year in the enforcement of Russian Sanctions and seizure of assets connected to Russian Oligarchs. It has been nearly a year since the U.S., its allies and partners have unleashed robust sanctions against Russia in response to Russia’s invasion of Ukraine. DOJ’
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In an ironic twist (or you just can’t make this up moment, whichever you prefer), the Justice Department announced the arrest of Charles McGonigal, the former Special Agent in Charge (“SAC”) of the FBI’s Counterintelligence Division in New York, along with Sergey Shestakov, a former Russian diplomat, in
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I admit I may be a little late in completing some of my 2022 retrospective postings. Nevertheless, I have to announce Corruption, Crime & Compliance’s Person of the Year Award. Although my posting is not done with as much fanfare as Hollywood award shows or other major business announcements,
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The Justice Department promised aggressive enforcement of export controls and sanctions against Russia. To that end, DOJ initiated the KleptoCapture task force to focus law enforcement investigations of export violators. DOJ and the KleptoCapture task force have delivered. The first significant case confirms the importance of tracking DOJ and law