Recent developments regarding sanctions enforcement by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) illustrate that sanctions continue to be a significant national security tool for U.S. enforcers. President Joe Biden recently signed a law that doubles to 10 years the statute of limitations for sanctions violations and calls on the president to harmonize U.S. sanctions lists with those of its European allies. Further underscoring the focus on sanctions enforcement, recent months saw several settlements by OFAC over sanctions violations. The Anti-Corruption Report spoke with experts in the field to understand the implications for companies going forward. See “Five Ways to Use Existing Resources to Meet Sanctions and Export Control Compliance Needs” (Apr. 10, 2024).