Troutman Pepper Hamilton Sanders LLP (LexBlog Russia)
6 results for Troutman Pepper Hamilton Sanders LLP (LexBlog Russia)
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Senate Banking Committee Holds Hearing on Digital Assets and Illicit Finance
On March 17, the Senate Committee on Banking, Housing and Urban Affairs conducted a hearing titled, “Understanding the Role of Digital Assets in Illicit Finance,” which focused extensively on whether and how Russia could use digital assets to avoid sanctions, as well as how Ukraine is using cryptocurrency to support their fight against Russia. In...
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Biden Bans Importation of Russian Alcohol and Exportation of Certain Alcohol and Tobacco Products to Russia and Belarus
Most of us are keenly aware of the ongoing fallout from the Russian Federation’s invasion of Ukraine. As the conflict continues, the U.S. government has taken action to support Ukraine, while at the same time, punishing the Russia Federation for its violation of international law and norms. Consistent with this strategy, on March 11, President...
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Blocking Payments to Russia and Its Impact on Payments Companies and Fintechs
On February 21, President Biden issued an executive order blocking property of certain persons, and prohibiting transactions regarding Russia’s invasion of the Ukraine. The following day, the U.S. Treasury’s Office of Foreign Assets Control (OFAC) issued restrictions on activities with Russian individuals and entities. On February 25, these lists were updated to include political leaders...
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Blocking Payments to Russia and Its Impact on Payments Companies and Fintechs
On February 21, President Biden issued an executive order blocking property of certain persons, and prohibiting transactions regarding Russia’s invasion of the Ukraine. The following day, the U.S. Treasury’s Office of Foreign Assets Control (OFAC) issued restrictions on activities with Russian individuals and entities. On February 25, these lists were updated to include political leaders...
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New York Issues Guidance on Virtual Currency Regulations and Announces Strengthening Blockchain Analytics in Response to Sanctions Imposed on Russia
On February 25, the New York State Department of Financial Services (NYDFS) issued Guidance to all individuals and entities subject to its regulation due to the rapidly evolving situation in Ukraine, following the Russian invasion and the imposition of sanctions, in particular businesses engaged in virtual currency activity. Relatedly, on March 2, Governor Hochul announced...
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Lawmakers Aim to Limit Ransomware Response Options
Organizations worldwide were busy this weekend after Keyasa, a software provider servicing more than 40,000 organizations, disclosed that it was the victim of a sophisticated cyberattack that is believed to have been orchestrated by REvil, a cybercriminal acting out of Russia. This latest announcement comes on the heels of several high-profile ransomware attacks that have...