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June 3, 2016: Mawa Enterprises Corp. Removed from Kingpin sanctions
On Friday, OFAC removed the following entity: MAWA ENTERPRISES, CORP., Panama; RUC # 37255-145-266651 (Panama) [SDNTK]. from its counter narcotics trafficking sanctions. Link: OFAC Notice Edited with...
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June 3, 2016: OFAC Publishes Kingpin General License 3A
On Friday, OFAC published General License 3A under its Kingpin Act sanctions program. It replaces General License 3, and authorizes transactions necessary to maintain existing operations of La Estrella...
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June 1, 2016: OFAC singles out Felix Maduro Group in policy statement
On June 1, OFAC took the unusual step of issuing the following statement on its Recent Actions page: On May 5, 2016, the United States Department of the Treasury, Office of Foreign Assets Control...
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June 30, 2016: OFAC updates counter terrorism list
Yesterday, OFAC added the following person: UMAR, Asim (a.k.a. HAQ, Sanaul; a.k.a. UMER, Asim), Afghanistan; Pakistan; Bangladesh; DOB 1974 to 1976; POB Sambhal, Uttar Pradesh, India; nationality...
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June 10, 2016: OFAC updates 4 Kingpin Act General Licenses
On June 10th, OFAC released updated versions of General Licenses under the Kingpin Act – you can tell by the letter suffixes on the license number: General License 1B – Wind Down Activities for Banco...
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July 1: OFAC plays catch-up!
As expected, OFAC waited till the last second to update its civil monetary penalty statutory maximums. Adjustments were due by July under the Federal Civil Monetary Penalty Inflation Adjustment Act...
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BREAKING: OFAC designates 11 DPRK individuals, 5 entities
Earlier today, the Office of Foreign Assets Control (OFAC) added the following persons: CHO, Il-U (a.k.a. CHO, Ch’o’l; a.k.a. CHO, Il Woo; a.k.a. JO, Chol), Korea, North; DOB 10 May 1945; POB Musan,...
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June 14, 2016: Another Panamanian Kingpin-Related General License from OFAC
General License 7 allows transactions with Importadora Maduro, Maduro Internacional and Lindo 7 Maduro after Panama removed the SDNTs who were controlling it. There’s a new FAQ, too. Links: OFAC...
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July 1, 2016: Kingpin General License 4 updated again
General License 4 for the Kingpin Act sanctions authorized transactions, broadly, for the Panamanian Mall and its associated complex, Soho Panama, as long as you steer clear of designated parties. 4C...
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June 17, 2016: OFAC publishes 2 more TSRA Licensing Activities Reports
The two reports, officially called “Quarterly Reports of Licensing Activities pursuant to Section 906(b) of the Trade Sanctions Reform and Export Enhancement Act of 2000 (TSRA)“, cover the 4th quarter...
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Today’s lucky OFAC numbers: 43, 50
On Friday, OFAC added 2 new items to its Frequently Asked Questions (FAQ) document for the Cuban sanctions program: 43. May the U.S. dollar be used to conduct transactions in Cuba or with Cuban...
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Talk about your short notice…. OFAC!
On June 10th, OFAC announced that, due to lack of demand, it was terminating its fax on demand service – on June 10th! And I’d had a hankering for receiving my sanctions information slowly… Link: OFAC...
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July 13, 2016: OFAC adds 2 to anti-terror sanctions
On Monday, OFAC added the following 2 persons: BYUTUKAEV, Aslan Avgazarovich (a.k.a. BYUTUKAEV, Aslan; a.k.a. BYUTUKAYEV, Aslan; a.k.a. “CHECHENSKY, Khamzat”; a.k.a. “Hamzat”; a.k.a. “KHAMZAT, Amir”;...
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OFAC Enforcement Action: HyperBranch Medical Technology, Inc.
The fine: $107,691.30 The statutory maximum: $1,129,912 The base penalty: $159,542 The firm, in 20111, shipped thousands of units of two sealant products to a distributor in the UAE with reason to...
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July 20, 2016: OFAC adds 3 to terror list
Last Wednesday, the Office of Foreign Assets Control (OFAC) added the following persons: AL-KHALIDI, Faisal Jassim Mohammed al-Amri (a.k.a. AL-KHALIDI, Faisal Jassim Mohammed al-Oamri; a.k.a....
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July 21, 2016: OFAC adds to Syria and NPWMD lists
On Thursday, OFAC added the following persons to its Syrian sanctions program: ALI, Aous (a.k.a. AL-ALI, Aous; a.k.a. ALI, Aus; a.k.a. ALI, Aws); DOB 15 Feb 1977; POB Damascus, Syria; citizen Syria...
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July 21, 2016: Kingpin General Licenses 5 & 6 Updated Again
We’re now on the 3rd iteration of General Licenses 5 & 6 for the Kingpin Act sanctions program – both extended to February 3rd of next year. Updated FAQ, too – to reflect the changes. Links: OFAC...
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July 27, 2016: OFAC releases its grip on some terrorists…
OK, OK…. OFAC just delisted the following persons: ABDULRAHIM, Abdulbasit (a.k.a. ABDELRAHIM, Abdelbasit; a.k.a. ABDUL RAHIM, Abdul Basit Fadil; a.k.a. ADBULRAHIM MAHOUD, Abdulbasit Fadil; a.k.a. AL...
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July 29, 2016: OFAC adds Iran General License J
OFAC issued a new General License for the Iran program on Friday. It authorizes the reexportation of civilian aircraft to Iran on temporary sojourn – but there are a lot of conditions. For starters,...
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July 18, 2016: OFAC adds #38, updates #39 in Cuba Sanctions FAQ
On July 18th, OFAC updated question #39, and added a new question 38 in Section III (Travel and Carrier Services) of its Cuba Sanctions FAQ (Frequently Asked Questions): 38. In the case of a customer...
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