Sanctions Space cover image

Sanctions Space

John Smith and Chloe Cina on the Sanctions Enforcement Landscape

May 20, 2024
John Smith and Chloe Cina discuss the extended statute of limitations for sanctions violations, potential impacts for industry, and the upcoming US elections in the evolving sanctions enforcement landscape. They explore compliance strategies, EU enforcement harmonization, trade impacts, and the influence of future US presidencies on sanctions.
18:45

Podcast summary created with Snipd AI

Quick takeaways

  • OFAC extends statute of limitations to 10 years for sanctions violations, impacting industry compliance practices.
  • Enforcement actions post the Russia-Ukraine conflict signal a trend towards stricter US and EU sanctions enforcement.

Deep dives

OFAC's Approach to Enforcement Cases

OFAC focuses on better compliance through enforcement by issuing cases that provide lessons for the industry from actors who violated sanctions. Enforcement actions clarify concerning behaviors and factors for industry attention for improvement.

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