4 Key Takeaways | OFAC Enforcement Actions Thus Far in 2021

Compared to prior years, this first half of 2021 has seen a drop in the number of published enforcement actions by  the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC). The reduction is likely attributed to  the new U.S. administration’s desire to realign and refocus its sanctions programs. The remainder of 2021, and  perhaps through the current administration’s term, is likely to see an increase in published enforcement actions.  Notwithstanding, there are still some notable enforcement actions this year, including the first-ever resolution  pursuant to the U.S. Department of Justice’s (DOJ) Export Control and Sanctions Enforcement Policy for Business  Organizations.

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Knowledge assets are defined in the study as confidential information critical to the development, performance and marketing of a company’s core business, other than personal information that would trigger notice requirements under law. For example,
The new study shows dramatic increases in threats and awareness of threats to these “crown jewels,” as well as dramatic improvements in addressing those threats by the highest performing organizations. Awareness of the risk to knowledge assets increased as more respondents acknowledged that their