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OFAC Licensing Policy statement regarding exports of commercial aircraft,...
STATEMENT OF LICENSING POLICY FOR ACTIVITIES RELATED TO THEEXPORT OR RE-EXPORT TO IRAN OF COMMERCIAL PASSENGER AIRCRAFTAND RELATED PARTS AND SERVICES Consistent with U.S. foreign policy and the United...
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JCPOA Implementation Day Guidance: Iran’s Energy and Petrochemical Sectors
C. Sanctions Related to Iran’s Energy and Petrochemical Sectors Commitment: Section 4.3 of Annex II and section 17.1 of Annex V of the JCPOA provide for the lifting, on Implementation Day, of...
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Iranian Carpets and Foodstuffs Final Rule
Importation of Certain Foodstuffs and Carpets To implement the USG commitment set out in section 5.1.3 of Annex II and section 17.5of Annex V of the JCPOA to license the importation into the United...
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JCPOA Implementation Day Guidance: Iran’s Shipping and Shipbuilding Sectors...
D. Sanctions Related to Iran’s Shipping and Shipbuilding Sectors and Port Operators Commitment: Section 4.4 of Annex II and section 17.1 of Annex V of the JCPOA provide for the lifting, on...
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February 3, 2016: OFAC makes a boatload of changes
On Wednesday, OFAC made a number of changes to a variety of programs. First, they revoked Zimbabwe General License 1, which authorized transactions with 2 Zimbabwean banks. Why? Because they removed...
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JCPOA Implementation Day Guidance: Gold and Other Precious Metals
E. Sanctions Related to Gold and Other Precious Metals Commitment: Section 4.5 of Annex II and section 17.1 of Annex V of the JCPOA provide for the lifting, on Implementation Day, of secondary...
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JCPOA Implementation Day Guidance: Software and Metals
F. Sanctions Related to Software and Metals Commitment: Section 4.6 of Annex II and section 17.2 of Annex V of the JCPOA provide for the lifting, on Implementation Day, of secondary sanctions that...
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JCPOA Implementation Day Guidance: Automotive Sector
G. Sanctions Related to the Automotive Sector Commitment: Section 4.7 of Annex II and section 17.1 of Annex V of the JCPOA provide for the lifting, on Implementation Day, of secondary sanctions that...
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JCPOA Implementation Day Guidance: Section III (Sanctions List Removals)
III. Sanctions List Removals In addition to the measures described above, to implement its commitments under the JCPOA, on Implementation Day, the USG removed the individuals and entities specified in...
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OFAC Fires a 50% Rule Warning Shot Across Barclay’s Bow
On Monday, OFAC agreed to a settlement with Barclays Bank for 159 violations of the Zimbabwe sanctions program. The amount of the settlement is rather prosaic for this day and age: $2,485,890. The...
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JCPOA Implementation Day Guidance: Section IV (Other Trade Measures)
IV. Other Trade Measures Commitment: Pursuant to section 5 of Annex II and section 17.5 of Annex V of the JCPOA, the USG committed to license three categories of activity that would otherwise be...
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JCPOA Implementation Day Guidance: Section V (Termination of Executive Orders)
V. Termination of Executive Orders To effectuate the lifting of sanctions set out in sections 4.1 to 4.7 of Annex II of the JCPOA and described in section II of this Guidance, the United States...
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February 10, 2016: OFAC adds Al-Qaida operative to SDN List
On Wednesday, OFAC added the following person: AL-HABABI, Nayf Salam Muhammad Ujaym (a.k.a. AL-HABABI, Nayef Salam Muhammad Ujaym; a.k.a. AL-QAHTANI AL-QATARI, Farouq; a.k.a. AL-QAHTANI, Faruq; a.k.a....
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February 11, 2016: 3 ISIL members added to OFAC SDN LIst
Yesterday, OFAC added the following 3 individuals linked to ISIL/ISIS/Da’esh: AL-BINALI, Turki Mubarak Abdullah Ahmad (a.k.a. AL BINALI, Turki Mubarak Abdullah; a.k.a. AL-BENALI, Turki; a.k.a....
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JCPOA Implementation Day Guidance: Section VI (Waivers)
And this is how it's all going to get done – and to enable the “snap-back” if Iran breaks its side of the deal: VI. Waivers Commitment: Pursuant to the U.S. commitment in section 11 of Annex V of the...
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JCPOA Implementation Day Guidance: Section VII (US Legal Authorities...
Or… “What's left of US sanctions on Iran”… VII. Key U.S. Legal Authorities That Remain in Place After Implementation Day A number of U.S. legal authorities that are outside the scope of the JCPOA and...
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February 16, 2016: Two MS-13 members added to OFAC’s TCO sanctions
Last Tuesday, OFAC added the following 2 persons: Skip to contentSkip to footer site map ROBERTO ORELLANA, Jose (Latin: ROBERTO ORELLANA, José) (a.k.a. “CHIBOLA”; a.k.a. “GORDO MAX”; a.k.a. “TIO...
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Location, Location, Location: CGG Services Settles with OFAC
CGG Services SA agreed to a settlement of $614,250 for violating the Cuban Asset Control Regulations in new and exciting ways. First, one of the company’s US affiliates supplied goods to a number of...
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Halliburton Settles OFAC Enforcement Action for $304,706
Halliburton Atlantic Limited (HAL) and Halliburton Overseas Limited (HOL) exported goods and services to an oil and gas production consortium which had 5% ownership by Cuba Petroleo (aka Cupet), a...
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March 2, 2016: OFAC makes DPRK & NPWMD designations
Last Wednesday, OFAC added the following persons: CHOE, Chun-sik (a.k.a. CHOE, Chun Sik; a.k.a. CH’OE, Ch’un-sik), Korea, North; DOB 12 Oct 1954; nationality Korea, North (individual) [NPWMD] (Linked...
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