Search Results for: US financial reform

The US Treasury’s Office of Foreign Assets Control (OFAC) on Thursday sanctioned three Lebanese individuals for involvement in corruption in Lebanon. The designated individuals are two businessmen, Jihad al-Arab and Dany Khoury, and a member of parliament, Jamil Sayyed. The individuals named by OFAC were added to the Specially Designated Nationals (SDN) list, which bars US [...]

The US Consumer Financial Protection Bureau (CFPB) ordered Thursday that several tech giants, including Amazon, Facebook, and Google to turn over information on payments-related systems and products. CFPB ordered six technology platforms to turn over information. These six platforms are Google, Apple, Facebook, Amazon, Square, and Paypal. CFPB Director Rohit Chopra stated that the bureau would [...]

China’s Ministry of Commerce and the National Development and Reform Commission have introduced a proposed regulation seeking to restrict the activities that privately funded media sources can undertake. The regulation—the 2021 version of the “Negative List of Market Access”—covers activities ranging from agriculture and aviation to education, media, and the financial industry. The regulation classifies [...]

JURIST EXCLUSIVE – Law students and lawyers in Afghanistan are filing reports with JURIST on the situation there after the fall of Kabul to the Taliban. Here, a lawyer in Kabul offers his observations and perspective on the state of the Afghan judicial system and the apparently-terminal plight of private law firms in the country [...]

JURIST EXCLUSIVE – Law students and lawyers in Afghanistan are filing reports with JURIST on the situation there after the fall of Kabul to the Taliban. Here, a lawyer in Kabul offers his latest observations and perspective on the country’s current economic predicament. For privacy and security reasons we are withholding his name and institutional [...]

The Australian Ministry of Foreign Affairs announced on Thursday that it will reform and modernize Australia’s autonomous sanctions laws to authorize the imposition of financial sanctions and travel bans against the “perpetrators of egregious acts of international concern.” The proposed amendments will allow the Australian government to sanction individuals for gross human rights violations and serious [...]

The Council of the European Union Friday announced that it had adopted a framework for the imposition of sanctions against individuals and entities it determines have undermined the rule of law and democracy in Lebanon. In December of last year, the Council noted the “grave financial, economic, social and political crisis” in Lebanon and urged [...]

JURIST EXCLUSIVE – As India’s COVID-19 infection rate continues to fall from its grotesque levels in early June, India correspondent Neelabh Bist takes a look at some of the impacts that the second wave of COVID-19 has had on India, its legal profession, and its court system. Still he notes that with vaccination levels very [...]

The US Department of Treasury’s Office of Foreign Asset Control (OFAC) imposed a series of sanctions on three Bulgarian individuals and sixty-four companies for their extensive role in endemic grand corruption in Bulgaria on 2 June 2021. This is the largest corruption-related targeting to date under the Global Magnitsky Human Rights Accountability Act. The sanctions [...]

A bipartisan group of United States senators introduced a bill Wednesday which would allow the United States Postal Service to save 45.9 billion dollars over ten years. Senators Gary Peters (D-MI) and Rob Portman (R-OH) introduced the Postal Service Reform Act to the Senate along with 18 colleagues from both sides of the aisle. Senator [...]