Erich Ferrari retweeted
Steelers agree to terms with QB Mason Rudolph to two-year, $8M deal. (via @MikeGarafolo, @RapSheet)
Bring him home, Omar. Right the wrongs.
My EXCLUSIVE reporting: #Steelers reached out today to Mason Rudolph regarding a return to Pittsburgh
► READ for FREE: dkpittsburghsports.com/team/…
#DKPS #NFL #HereWeGo
Erich Ferrari retweeted
After the disasters in Iraq & Afghanistan, US presidents became more & more determined to minimize negativity publicity of American troops abroad
But how to still 1) look "tough" on foreign bad guys; 2) keep US troops out of harms way; 3) do something?
Big part of the answer:
Erich Ferrari retweeted
Replying to @jstein_sun @federicacocco
Here's a partial list of all countries under some form of US sanctions, with an (somewhat admittedly/inherently subjective) attempt to categorize by severity:
Erich Ferrari retweeted
NEW: THE STAGGERING RISE OF AMERICA'S GLOBAL ECONOMIC WARFARE
1st in a series
@federicacocco & I found:
1. ~1/3 of all nations on Earth now face some form of US sanctions. Huge increase from when mostly applied to Cuba & a handful of regimes
2. +*60%* of *all poor countries* are under US sanctions of some kind. Has become almost a reflex of US foreign policy
3. Sanctions have spawned multi-billion-dollar lobbying & influence industry, enriching former US officials who are hired by foreign countries & oligarchs
4. Sanctions have had devastating effects on innocent civilians. In Cuba, they've made critical medical supplies impossible to import. In Venezuela, they contributed to a financial collapse 3X greater than the US Great Depression. Syria faces its greatest humanitarian crisis this year after a decade civil war & sanctions.
5. Treasury staffers drafted a ~40 page plan aimed at reforming the sanctions process that was dramatically whittled down amid disagreements w/ State
6. OFAC is widely described as overwhelmed by tens of thousands of requests. WH officials have brainstormed sanctions scenarios w/ outside nonprofits
7. Biden has unleashed unprecedented volley of +6K sanctions in 2 years. Higher than even previously unprecedented rate of Trump.
“We don’t think about the collateral damage of sanctions the same way we think about the collateral damage of war ... But we should.”
More to come.
Read our first story here:
washingtonpost.com/business/…
Erich Ferrari retweeted
NEW: Top US Treasury Department officials plan to make the rounds in 2023 to address what they see as a troubling pattern when it comes to sanctions and other forms of risk: Banks are being overcautious and turning away customers who may need them the most bloomberg.com/news/articles/…
Binance served crypto traders in Iran despite U.S. sanctions, clients say | Reuters reuters.com/technology/exclu…
Fate of Donbas hangs in the balance voanews.com/a/6610530.html
I had an interesting conversation with @BusinessInsider discussing some of the legal issues facing Russian business elites. If that sort of thing is of interest to you, you can take a look here: youtube.com/watch?v=7o70pQtj…
Michael Parker of @falawpc quoted in new article published by Politico regarding what it is required to seize assets:
Confiscating a Russian oligarch’s luxury condo requires much more than political bluster politi.co/3Je70DO via @politico
Michael Parker quoted in this Bloomberg Law piece regarding how busy sanctions lawyers have been over the past week.
Russia Sanctions Have Lawyers Scrambling to Help Clients Comply news.bloomberglaw.com/us-law…
Michael Parker on @CBSNews this morning, following on his recent comments to the @nytimes on whether:
Russia could use crypto to avoid sanctions cbsnews.com/video/russia-may… via @CBSNews
Erich Ferrari retweeted
Here's why OFAC issued the license: The Gov't can now argue that the funds are not "blocked" for purposes of the TRIA and are thus not available for attachment and execution by 9/11 litigants.
Erich Ferrari retweeted
Here's OFAC's license authorizing the Federal Reserve Bank of New York to make transfers of up to $3.5 billion belonging to Afghanistan's central bank for the benefit of the people of Afghanistan:
Here's something interesting and informative just in time for the weekend. Michael Parker (Counsel at Ferrari & Associates) sits down with the KYC360 AML Podcast to discuss sanctions, anti-money laundering and the transition to private practice:
kyc360.riskscreen.com/podcas…
Happy for the delisting of our clients today, and proud of all our team who worked on this. Don't listen to the hype from any purported "experts." This is not a political action, its one that followed established legal processes and norms:
home.treasury.gov/policy-iss…
So happy for my clients, and so proud of my team, for the big win today: home.treasury.gov/policy-iss…
I work with some of the best and most committed lawyers and staff I could possibly hope for at @falawpc. My hats off to them for all their hard work on this matter.












