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OFAC Issues Oil Price Cap Compliance and Enforcement Alert Recommending Methods to Mitigate Evasion Risks

On February 1, 2024, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) published an Oil Price Cap Compliance and Enforcement Alert to provide “[a]n overview of [five] key … evasion methods and [corresponding] recommendations for identifying such methods and [subsequently] mitigating their risks and negative impacts.” The price cap referenced by the Alert... Continue Reading