Recent news from Treasury’s Office of Foreign Assets Control: Sept. 28

The Office of Foreign Assets Control and the Department of State announced the following sanctions action last week. Russia-related Sanctions OFAC issues Russia-Related General License: OFAC issued Russia-related General License 131J authorizing certain transactions related to the potential...

Compliance QOTM answers question on Regulation B (Equal Credit Opportunity Act) adverse action notifications.

News items that are the most recent sanctions-related actions from the Office of Foreign Assets Control.

In a unanimous decision, a Seventh Circuit panel ruled that the FDIC did not violate the Seventh Amendment by adjudicating an enforcement action seeking a prohibition order and civil money penalty.

A unanimous Tenth Circuit panel affirmed the dismissal of a lawsuit challenging the SEC’s enforcement of federal anti-money laundering reporting requirements against an affiliate.

In a unanimous decision, a Second Circuit panel vacated a New York federal court decision ruling that Sjunde AP-Fonden (AP7) lacked prudential standing to pursue securities fraud claims against KPMG and former Signature Bank officers.