Sanctions Insights

Each year we reflect on the most significant U.S. sanctions developments of the past year in a multi-part series. Part One provides a refresher on OFAC’s major activities and programmatic updates from 2023.

The second in our Sanctions 2023 Year in Review Series, this alert provides an overview of U.S. sanctions enforcement in 2023, including the key lessons learned from the public enforcement actions issued by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC).

Morrison Foerster, in conjunction with Lawfare, has released the next installment of “The Regulators,” featuring OFAC Director Brad Smith, who discussed the two-year anniversary of Russia’s invasion of Ukraine, including the impact of sanctions, and OFAC’s enforcement focus for 2024.