Summary: Part II draws on recent enforcement actions to illustrate how OFAC applies this approach in practice. It highlights the heightened expectations placed on professional service providers and explains why ownership screening alone can no longer be treated as a complete compliance exercise.
Continue Reading How OFAC’s Latest Guidance Changes the Sanctions Compliance Landscape – Part II
Summary: China’s recent invocation of its Blocking Rules against U.S. sanctions marks a significant moment in the evolving landscape of global sanctions law. As nations increasingly push back against the extraterritorial reach of unilateral sanctions, the question arises: What does this mean for India? This article examines China’s move, its implications for the global sanctions regime, and what a potential Indian blocking statute could look like in practice.
Continue Reading Beyond Strategic Autonomy: Is a Blocking Statue the Need of the Hour in the Age of Extraterritorial Sanctions