In The Press April 20, 2020

Treasury Acknowledges COVID-19 Compliance Challenges (Law360)

The U.S. Department of the Treasury told companies that it "understands" they may be running into issues covering their compliance bases amid the global pandemic and that if a shift in resources leads to a violation, the government will take that into account in any eventual enforcement. As such, companies may respond by "reallocating" sanctions compliance resources. Alexis Coll-Very, a partner in Goodwin’s Securities + Shareholder Litigation and Government Investigations + Enforcement practices who advises companies on government enforcement, saw the move as a positive one in that it recognized the difficult realities that companies are facing. Read the article in Law360 here