FLEX by Fenwick’s Post

On April 24, 2024, President Biden signed into law an emergency supplemental appropriations law that provides substantial military aid to Ukraine, Israel, and Taiwan and could force the sale of TikTok. The bill includes an expansion of the statute of limitations applicable to civil and criminal violations of U.S. sanctions laws, allowing the U.S. government to impose civil and criminal penalties for up to ten years following a violation of sanctions programs administered by the Office of Foreign Assets Control. Learn more here: https://ow.ly/z18F50RAtsG #OFAC #regulations #RegulatoryTrends

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