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Two steps forward, one step back…
On Friday, the Trump Administration rolled back some of the changes to the Cuba sanctions program made during the Obama administration. OFAC then issued the following FAQ about the changes: How will...
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June 16, 2017: OFAC adds 1 person to terror sanctions
On Friday, OFAC added the following person: SAAL, Fared (a.k.a. SAAL, Farid; a.k.a. SAAL, Fehad; a.k.a. “AL-ALMANI, Abu Luqmaan”; a.k.a. “AL-ALMANI, Abu Luqman”; a.k.a. “AL-JAZAIRI, Abu Luqman”;...
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BREAKING: Glasnost it’s not… OFAC makes major Ukraine-related SDN & SSI...
OFAC just made a significant number of additions both the SDN and SSI Lists under the Ukraine-related sanctions program. New individuals on the SDN List are: BABAKOV, Alexander Mikhailovich (a.k.a....
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OFAC Enforcement Action: American Honda Finance Corporation
Settlement Agreement between the U.S. Department of the Treasury’s Office of Foreign Assets Control and American Honda Finance Corporation 6/8/2017 American Honda Finance Corporation (AHFC), a motor...
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June 21, 2017: OFAC updates multiple programs
On Wednesday, OFAC made the following changes to sanctions programs: 1) Removed the following counter terrorism sanctions listings: AL-JIHAD (a.k.a. EGYPTIAN AL-JIHAD; a.k.a. EGYPTIAN ISLAMIC JIHAD;...
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June 26, 2017: OFAC adds 1 to terror list
Yesterday, OFAC added the following person to its counter terrorism sanctions: SHAH, Mohammad Yusuf (a.k.a. SHAH, Mohammad Yousuf; a.k.a. SHAH, Mohammed Yusaf; a.k.a. SHAH, Mohd Yosuf; a.k.a. SHAH,...
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555 OFAC violations = $148K settlement for AIG
AIG insured maritime shipments and processed a mix of premium receipts and claims that violated the Iran, WMD non-proliferation, Sudan and Cuban sanctions regulations.The violations were, fortunately...
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June 29, 2017: OFAC designates 3 Chinese targets under DPRK sanctions
Yesterday, as part of its North Korean sanctions program, OFAC designated the following 2 persons: LI, Hong Ri (Chinese Simplified: 李红日) (a.k.a. LI, Hongri; a.k.a. RI, Hong-il), China; DOB 05 Jul...
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July 18, 2017: OFAC expands Iran-related NPWMD and TCO sanctions listings
Yesterday, OFAC added the following persons: GHASEMI, Seyyed Reza (a.k.a. QASEMI, Seyed Reza); Additional Sanctions Information – Subject to Secondary Sanctions; National ID No. 004-3-94558-9 (Iran);...
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July 12, 2017: Sudan’s still got OFAC sanctions
Last week, the Trump Administration issued an Executive Order extending the review period for the Sudan sanctions program until October 12th. The Obama Administration had issued a General License that...
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Head’s up, OFAC people: State jumps the gun…
This doesn’t happen often – the US State Department put out this press release before OFAC got the chance to issue its SDN List update: State Department Amendments to the Terrorist Designation of...
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Not a settlement: OFAC fines ExxonMobil $2million for Ukraine-related...
OFAC’s Notice tells you all you need to know: The U.S. Department of the Treasury’s Office of Foreign Assets Control Assesses a Civil Monetary Penalty Against ExxonMobil Corporation 7/20/2017 The U.S....
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July 21, 2017: OFAC adds 1, amends 1 in terror sanctions
On Friday, OFAC added the following person: BARKHANOEV, Malik Ruslanovish (a.k.a. “INGUSHI, Saifuddin”; a.k.a. “INGUSHI, Sayfuddin”), Iraq; Syria; DOB 14 Mar 1992; POB Ordzhonikidzevskaya, Ingushetia,...
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July 25, 2017: New OFAC Cuba Sanctions FAQ
OFAC issued a new and updated set of FAQs regarding President Trump’s announced changes to the Cuban sanctions program: How will OFAC implement the changes to the Cuba sanctions program announced by...
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July 26, 2017: OFAC expands Venezuela designations
Last Wednesday, OFAC designated the following 13 persons under the Venezuela sanctions program: ALBISINNI SERRANO, Rocco, Miranda, Guarico, Venezuela; DOB 06 Mar 1982; Gender Male; Cedula No. 15481927...
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July 28, 2017: OFAC sanction 6 Iranian NPWMD entities
On Friday, OFAC designated the following 6 entities: AMIR AL MO’MENIN INDUSTRIES (a.k.a. AMIR-AL-MO’MENIN COMPLEX; a.k.a. AMIROLMOMENIN FACTORIES; a.k.a. AMIROLMOMENIN INDUSTRIES), Esfahan, Iran;...
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OFAC settles with 2 Singaporean firms for $12MM penalty
CSE Global Limited and CSE TransTel Pte. Ltd. committed 104 violations (apparently) of the Iranian sanctions by sending these wire transfers, totalling $11 million, through the US. The total amoutn of...
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July 31, 2017: OFAC sanctions Venezuela’s President
On Monday, OFAC added the Venezuelan President: MADURO MOROS, Nicolas (Latin: MADURO MOROS, Nicolás), Caracas, Capital District, Venezuela; DOB 23 Nov 1962; POB Caracas, Venezuela; citizen Venezuela;...
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August 9, 2017: OFAC Designates more Kingpins, Venezuelans – and updates a...
Yesterday, OFAC designated the following persons: AMELIACH ORTA, Francisco Jose (Latin: AMELIACH ORTA, Francisco José), Carabobo, Venezuela; DOB 14 Jun 1963; POB Valencia, Carabobo, Venezuela; citizen...
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UN, DFAT amend 1 on terror list
Earlier today (Australian time), Australian regulators enacted the following amendments, enacted by the United Nations ISIL (Da’esh) and Al-Qaida Sanctions Committee, to the following individual...
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