Shearman And Sterling

FCPA book spines

April 12, 2021

Sanctions Round Up: First Quarter 2021

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The first months of the Biden Administration signaled the new US President’s willingness to remain tough on China in the short term.  Meanwhile, the new Administration appeared to pause the US “maximum pressure” policy against Iran as it engages in multi-lateral discussions to explore options for resuming US participation in a nuclear deal.  In other developments this quarter, the US re-imposed sanctions against Myanmar in response to the unfolding military coup and announced new restrictions against Russia in response to last year’s poisoning of Alexei Navalny.  Finally, OFAC announced settlements with three companies for compliance failures, including against a US-based digital-currency service provider.

View full memo, Sanctions Round Up First Quarter 2021.

Authors and Contributors

Philip Urofsky

Partner

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Danforth Newcomb

Of Counsel

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Stephen Fishbein

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Brian G. Burke

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Christopher L. LaVigne

Partner

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Barnabas Reynolds

Partner

Financial Institutions Advisory & Financial Regulatory

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London

Mark D. Lanpher

Partner

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Paula Howell Anderson

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Adam B. Schwartz

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Katherine J. Stoller

Counsel

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Jacob Fields

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Cole Pritchett

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Jesse Van Genugten

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