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August 3, 2016: OFAC adds to counter terrorism sanctions
On Wednesday, OFASC added the following person: ABRINI, Mohamed (a.k.a. ABRINI, Mohammad; a.k.a. ABRINI, Mohammed), Belgium; DOB 27 Dec 1984; nationality Belgium; alt. nationality Morocco (individual)...
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August 4, 2016: OFAC updates terror and drug sanctions listings
Yesterday, the Office of Foreign Assets Control (OFAC) removed the following listings from the counter-narcotics sanctions program: RUBIO ZAGA, Jesus Roman, c/o ILC EXPORTACIONES, S. DE R.L. DE C.V.,...
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OFAC Enforcement Action: Alcon
Alcon Laboratories (Ft Worth, TX), as well as the Swiss Pharmaceuticals and Management components of the firm, agreed to a $7,617,150 settlement for non-egregious, but not self reported, violations of...
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OFAC releases 2015 Terrorist Assets Report
On June 6th, OFAC released its annual Terrorist Assets Report for 2015 – amazingly enough, it’s 24th annual report. It contrasts the blocked funds at the end of 2015 to that at the end of 2014. The...
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OFAC Finding of Violation: BBVA Compass
Usually, only civil monetary penalties and financial settlements are published on OFAC”s Enforcement Action pages. However, from time to time, they publish a Finding of Violation to create a teachable...
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August 15, 2016: 1 person, 7 listings removed from OFAC Zimbabwe sanctions
On Monday, OFAC removed the following listings from its Zimbabwe sanctions program: SHANFARI, Thamer Bin Said Ahmed (a.k.a. AL SHANFARI, SHEIKH THAMER; a.k.a. AL SHANFARI, Thamer; a.k.a. AL SHANFARI,...
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August 16, 2016: OFAC adds some here, takes some from there
On Tuesday, OFAC added the following persons: ALVAREZ INZUNZA, Juan Manuel (a.k.a. INZUNZA ZAZUETA, Erik Tadeo; a.k.a. OSUNA GODOY, Rolando; a.k.a. SALAS ROJO, Juan Manuel; a.k.a. TAMAYO IBARRA, Juan...
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OFAC gets a two-fer on enforcement actions
Keystone Cops time – Kanawha Insurance Company, a subsidiary of Humana, serviced policies for AXA Equitable. Neither firm screened policyholders – perhaps they assumed the other was doing it. And they...
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August 19, 2016: OFAC extends Kingpin General License 4 again
On August 19th, OFAC replaced General License 4C with 4D under the Kingpin Act sanctions against narcotics trafficking. General License 4x allows certain transactions with the vendors located in the...
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August 23, 2016: More of the Kony clan get designated by OFAC
On Tuesday, OFAC added the following 2 persons: KONY, Ali (a.k.a. BASHIR, Ali Lalobo; a.k.a. KAPERE, Otim; a.k.a. KONY, Ali Mohammed; a.k.a. LABOLA, Ali Mohammed; a.k.a. LABOLO, Ali Mohammad; a.k.a....
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August 31, 2016: OFAC adds Abdiqadir Mumin to terror sanctions
On Wednesday, OFAC added the following person to their counter-terrorism sanctions program: MUMIN, Abdiqadir (a.k.a. MUMIN YUSUF, Sheikh Abdiqadir; a.k.a. MUMIN, Abdul Nadir; a.k.a. MUMIN, Abdul Qadir;...
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August 30, 2016: OFAC Syria Removals
On Tuesday, OFAC removed the following Syria sanctions listings from the SDN List: DK GROUP SARL (a.k.a. DK GROUP; a.k.a. DK MIDDLE-EAST & AFRICA REGIONAL OFFICE), Peres Lazaristes Center, No 3,...
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September 1, 2016: Ukraine-Related SDN, SSI and License Updates from OFAC
Yesterday, OFAC added the following persons to their Ukraine-related sanctions (All under E.O. 13660, the original set of sanctions imposed on Ukraine and Russia): ANYUKHINA, Anna Vladimirovna; DOB 14...
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September 14, 2016: OFAC Cote d’Ivoire Program terminated
Yesterday, the President issued an Executive Order terminating the emergency that underpinned the sanctions on Cote d’Ivore. Additionally, OFAC removed the following listings: DJUE, Eugene Ngoran...
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Telegraphing the Punch: OFAC Burma Sanctions not gone yet, but almost
OFAC yesterday added the following question to its Burma sanctions FAQ section: 480. How will OFAC implement the changes to the Burma sanctions program announced by the President on September 14, 2016?...
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September 15, 2016: OFAC adds 2 to terror rolls
Last Thursday, OFAC added the following 2 persons to their counter-terrorism sanctions program: ALHMIDAN, Mohamad Alsaied (a.k.a. AL HAMIDAN, Mohamad Alsaied; a.k.a. ALHEMEDAN, Mohamad Alsaeed; a.k.a....
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Can you spell egregious? OFAC can…
PanAmerican Seed Company just uprooted $4,320,000 from its coffers (from a $12 million base penalty, which is also the statutory maximum) for 48 shipments of seed, through intermediaries, to Iranian...
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1 new OFAC terror sanctioned entity
Today, OFAC added the following organization to its counter terrorism sanctions program: JUND AL-AQSA (a.k.a. SARAYAT AL-QUDS; a.k.a. SOLDIERS OF AL-AQSA; a.k.a. THE SOLDIERS OF AQSA; a.k.a. “JAA”),...
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September 16, 2016: OFAC Counter Terrorism Changes Confuse Mr. watchlist
On Friday, OFAC sent out an email about an item on their Recent Actions page. It says, in part: PLEASE NOTE: Users of the NS-PLC list should be aware that a name that appears on the NS-PLC list was...
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OFAC Enforcement Action: $43,200 CMP for World Class Technology Corp.
The firm committed 7 apparent violations of the Iranian Transaction Sanctions Regulations (ITSR) when it shipped orthodontic devices that ended up in Iran. The value of the devices was $59.886, and the...
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