OFAC UPDATES 3 RUSSIA SANCTIONS FAQ

On 11 May, OFAC issued revised FAQ concerning prohibitions related to certain accounting, trust and corporate formation, and management consulting services; what is meant by the terms “credit rating services” and “auditing services; and what is meant by the terms “accounting,” “trust and corporate formation services,” and “management consulting” sectors of the Russian Federation economy.

https://home.treasury.gov/policy-issues/financial-sanctions/recent-actions/20220511_33

https://home.kpmg/us/en/home/insights/2022/05/tnf-united-states-updates-russia-related-faqs.html

Any modest contributions for my time and ongoing expenses are welcomed!  I have a page where you can do so, and where one-off contributions start as low as $3, at

https://www.buymeacoffee.com/KoIvM842y

NOTE THAT THE ABOVE LINK IS NOW CORRECTED AND WORKS!

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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