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Buried in the Rubles: the OTHER OFAC update from April 6th
Treasury Sanctions Music Promoter and Prostitution Ring Leader Linked to Mexican Cartels APRIL 6, 2018 OFAC Designates High-Profile Individuals Acting on Behalf of CJNG, Los Cuinis Drug Trafficking...
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A side effect of CAATSA you may not have known about…
CAATSA (the Countering America’s Adversaries Through Sanctions Act) passed in 2016 modified two Ukraine-related laws, UFSA & SSIDES. UFSA’s secondary sanctions on foreign financial institutions...
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April 18, 2018: OFAC adds to TCO sanctions list, modifies one Syria listing
Last Wednesday, OFAC added the following person: BARAKAT, Nasif (a.k.a. ABOUTARIF, Nassif; a.k.a. BARAKAT AL FAHILIH, Nasif Jarjis; a.k.a. BARAKAT ALVAHILH, Nasif Gergers; a.k.a. BARAKAT, Nassif;...
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OFAC adds 1, updates 1 Ukraine/Russia General License, + FAQs
Today, OFAC issued a new General License for the Ukraine/Russia-related sanctions program. General License 14 authorizes transactions that are “ordinarily incident and necessary to the maintenance or...
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April 12, 2018: OFAC Director resigns
Director John Smith Departing the Office of Foreign Assets Control APRIL 12, 2018 Washington – The U.S. Department of the Treasury today announced that John E. Smith will be leaving his position as...
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April 26, 2018: OFAC removes 2, amends 1 narcotics sanctions listings
Last Thursday, OFAC removed the following 2 counter narcotics sanctions listings for one entity: ENVIGADO FUTBOL CLUB S.A. (a.k.a. ENVIGADO F.C.), Carrera 48 No. 46 Sur 150, Envigado, Antioquia,...
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April 27, 2018: OFAC adds Chinese fentanyl trafficker to counter narcotics...
On Friday, OFAC added the following persons: CHU, Na (Chinese Simplified: 初娜; Chinese Traditional: 初娜), Pulandian, Liaoning, China (Chinese Simplified: 普兰店市, 辽宁, China; Chinese Traditional: 普蘭店市, 遼寧,...
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May Day, May Day: OFAC Tweaks Russia/Ukraine General Licenses
Issuance of Ukraine-/Russia-related General Licenses; Publication of New FAQs and Updated FAQs 5/1/2018 Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) is issuing...
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OFAC Belarus General License: 2E or not 2E?
OFAC has replaced Belarus General License 2D with 2E, extending the expiration of the license until October 30, 2018. Links: OFAC Notice General License 2E Edited with BlogPad Pro
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April 30, 2018: OFAC designates ISIS-Philippines terrorist facilitator
On Monday, OFAC designated: MABANZA, Myrna Ajijul (a.k.a. MABANZA, Myrna Adijul; a.k.a. MABANZA, Myrna Ajilul), Basilan Province, Philippines; Zamboanga City, Philippines; DOB 11 Jul 1991; nationality...
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May 7, 2018: OFAC designates a boatload of Kingpins
Yesterday, the Office of Foreign Assets Control (OFAC) added the following persons: DEL NOGAL MARQUEZ, Walter Alexander, Miranda, Venezuela; Edificio Poli centro, Piso 4, Of. 3, Panama, Panama; DOB 02...
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Breaking: US pulls out of JCPOA
Today, President Trump pulled the US out of the Joint Comprehensive Plan of Action (JCPOA), aka the “Iran nuclear deal.” The following statement was added to the top of OFAC’s Iran sanctions page: On...
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OFAC May 8, 2018 Iran Sanctions FAQ: General Questions
1.1. Effective May 8, 2018, what sanctions snap back into place? On May 8, 2018, the President announced his decision to cease the United States’ participation in the Joint Comprehensive Plan of...
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OFAC May 8, 2018 Iran Sanctions FAQ: Wind-Down
2. WIND-DOWN 2.1. How long is the wind-down period and what types of activities are allowed? The U.S. government has a past practice of working with U.S. or third-country companies to minimize the...
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OFAC May 8, 2018 Iran Sanctions FAQ: Licensing
4.1. Will OFAC continue to consider license applications under the Statement of Licensing Policy for Activities Related to the Export or Re-export to Iran of Commercial Passenger Aircraft and Related...
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OFAC May 8, 2018 Iran Sanctions FAQ: Other
5.1. Will the United States resume efforts to reduce Iran’s crude oil sales? Yes. The sanctions lifted under section 1245(d) of the NDAA will be re-imposed following a 180-day wind-down period, and...
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It starts: OFAC adds to Iran IRGC & terror listings
Earlier today, OFAC added the following persons: AMINI, Meghdad; DOB 05 Jun 1982; POB Tehran, Iran; Additional Sanctions Information – Subject to Secondary Sanctions; Gender Male; Passport U36089349...
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May 10, 2018: The News Behind Yesterday’s OFAC News
United States and United Arab Emirates Disrupt Large Scale Currency Exchange Network Transferring Millions of Dollars to the IRGC-QF MAY 10, 2018 Washington – Today the United States and the United...
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May 15, 2018: OFAC adds to terror, Hizballah, Iran sanctions
On Tuesday, OFAC added the following persons: KAREEM, Aras Habib (a.k.a. KAREEM, Aras Habib Mohamed; a.k.a. KARIM, Aras Habib; a.k.a. “HABIB, Aras”), Iraq; DOB 06 Aug 1967; POB Iraq; Additional...
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May 16, 2018: OFAC adds more terrorists to its rolls
Yesterday, the Office of Foreign Assets Control (OFAC) added the following persons: AL-KHALIL, Husayn (a.k.a. KHALIL, Hossein; a.k.a. KHALIL, Husain; a.k.a. KHALIL, Hussein), Lebanon; DOB 1955; POB...
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