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OFAC: Remember your Blocked Property Reports!
Reminder to submit the Annual Report of Blocked Property 9/22/2017 On June 30, 2017, OFAC issued a notice reminding financial institutions holding property blocked pursuant to OFAC sanctions...
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September 26, 2017: OFAC expands DPRK designations
Yesterday, OFAC added the following people: CHA, Sung Jun (a.k.a. CH’A, Su’ng-chun), Beijing, China; DOB 04 Jun 1966; nationality Korea, North; Passport 472434355 (individual) [DPRK4]. CH’OE,...
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September 29, 2017: OFAC updates Russian sectoral sanctions
Last Friday, in line with the CATS Act (actually, a specific sub-section targeted at the Ukraine/Russia-related sanctions program), OFAC issued updated Directives 1 and 2 (which implement the changes...
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October 3, 2017: OFAC publishes Venezuela sanctions FAQ
Yesterday, OFAC published the following FAQ regarding the definition of “profit” under Executive Order 13808 for the Venezuela sanctions program: 527. What does OFAC consider to be “profit” under...
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October 4, 2017: OFAC updates Organized Crime Sanctions
Yesterday, OFAC removed the following listings: DAVIS, Robert Paul (a.k.a. DAVIS, Paul; a.k.a. DAVIS, Paul Nadin; a.k.a. DAVIS, R. Paul Nadin; a.k.a. DAVIS, Robert; a.k.a. NADIN-DAVIS, Robert Paul),...
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October 6, 2017: OFAC Sudan sanctions largely revoked
On Friday, the State Department issued the following statement: Sanctions Revoked Following Sustained Positive Action by the Government of Sudan...
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Cartier gets caught with the family jewels…
Richemont North America, dba Cartier, agreed to a $334,800 for 4 apparent violations of the Kingpin Act. Simply put, an individual purchased jewelry from Cartier in either California or Nevada, but...
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October 12, 2017: OFAC Sudan removals
Last Thursday, in line with the termination of the Sudan sanctions (and eventual removal of the Sudanese Sanctions Regulations), OFAC made the following listing removals: AFRICAN DRILLING COMPANY,...
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October 13, 2017: OFAC adds to Iran, Terrorism, NPWMD sanctions lists
On Friday, OFAC designated the following entities under both the non-proliferation and Iran sanctions programs: FANAMOJ (a.k.a. FANA MOJ; a.k.a. FANA MOWJ; a.k.a. FANAMOJ COMPANY; a.k.a. FANAVARI MODJ...
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OFAC Enforcement Action: BD White Birch Investment
BD White Birch Investment agreed to a settlement of $372,465 for 3 violations of the Sudanese Sanctions Regulations. In these cases, the firm facilitated $354,602.26 worth of Canadian paper sales and...
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October 25, 2017: OFAC adds to counter terrorism list
Yesterday, OFAC added the following people: AL-ADANI, Abu Sulayman (a.k.a. ABU-SULAYMAN, Nashwan al-Adani; a.k.a. AL-ADANI, Nashwan; a.k.a. AL-ADANI, Sulayman; a.k.a. AL-HASHIMI, Abu Ma’ali; a.k.a....
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October 24, 2017: 2D or not 2D – OFAC extends Belarus General License
On Tuesday, OFAC replaced Belarus General License 2C with 2D – which effectively extends the General Licernse’s expiration until April 30, 2018. General License 2x broadly authorizes...
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October 26, 2017: OFAC: More DPRK, Less TCO
Yesterday, OFAC added the following persons: JO, Kyong-Chol (a.k.a. CHO, Kyo’ng-ch’o’l), Korea, North; DOB 1944 to 1945; POB Korea, North; nationality Korea, North; DPRK Director of Military Security...
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February 2, 2018: OFAC designates 13 Hizballah-linked sanctions targets
Last Friday, OFAC designated the following persons: ASSAF, Nabil Mahmoud (a.k.a. ASSAF, Nabil; a.k.a. ASSAF, Nabil Muhammad), Lebanon; DOB 11 Sep 1964; POB Beirut, Lebanon; Additional Sanctions...
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Mr Watchlist will probably regret this, but…
Earlier today, OFAC designated the following under the counter-terrorism sanctions program: KHAN, Dilawar Khan Nadir (a.k.a. KHAN, Dilawar), Peshawar, Khyber Pahktunkhwa Province, Pakistan; DOB 1982;...
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February 9, 2018: OFAC Terror Additions, Cuba Update
On Friday, OFAC added the following persons: ABUBAKAR, Abdulpatta Escalon (a.k.a. ABUBAKAR, Abdul Patta Escalon; a.k.a. ESCALON, Abdulpatta Abubakar; a.k.a. “ABU BAKAR, Abdul Patta”), Philippines;...
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February 12, 2018: New OFAC Venezuela FAQs
Yesterday, OFAC published the following 2 new Frequently Asked Questions (FAQs) for the Venezuela-related sanctions program: 553. For purposes of E.O. 13808, what is “new debt”? OFAC considers “new...
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OFAC catches up on its paperwork…
Remember the February 7th post about OFAC publishing TSRA licensing reports – the last one being July to September 2016? Well, first off, if you read the notice carefully, that release encompassed 4...
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OFAC’s Valentine’s Day: more drug traffickers, and fewer, too [UPDATED]
On Wednesday, OFAC added the following persons: GARCIA ROJAS, Javier (a.k.a. “EL PARIENTE”; a.k.a. “MARACUYA”), Medellin, Colombia; DOB 27 Oct 1960; POB Florencia, Caqueta, Colombia; citizen Colombia;...
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February 20, 2018: OFAC adds ANSARUL ISLAM to counter terrorism sanctions
On Tuesday, OFAC added the following entity: ANSARUL ISLAM (a.k.a. ANSAR AL-ISLAM; a.k.a. ANSAR UL ISLAM OF MALAM BOUREIMA DICKO; a.k.a. ANSAROUR ISLAM; a.k.a. ANSAR-UL-ISLAM LIL-ICHAD WAL JIHAD;...
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