Slight clarification to Thursday’s OFAC Venezuela changes
Mr. Watchlist needs to learn how to read the OFAC notices better… the expiration dates for the 3 update General Licenses had, in fact, not changed (they all expire in late July). All 3 licenses were...
View ArticleJune 11, 2019: OFAC sanctions Syrian oligarch & his firms
Today, OFAC designated the following persons: FOZ, Amer (a.k.a. FOZ, Amer Zuhair); DOB 11 Mar 1976; POB Homs, Syria; Gender Male; Passport O6O1O274747 (Syria) (individual) [SYRIA] (Linked To: ASM...
View ArticleJune 12, 2019: OFAC adds 3 to Iran & Counter Terror sanctions
Yesterday, OFAC designated the following 2 persons: ABD AL-HAMID AL-ASADI, Makki Kazim (a.k.a. ABDUL HAMEED AL ASADI, Makki Kadhim), Basrah, Iraq; DOB 10 Oct 1957; Additional Sanctions Information –...
View ArticleOFAC Enforcement Action: A series of unfortunate events befalls Western Union…
The penalty: Western Union Financial Services, Inc. Settles Potential Civil Liability for Apparent Violations of the Global Terrorism Sanctions Regulations. Western Union Financial Services, Inc....
View Article3 for 1: OFAC announces 3 Cuba-related enforcement actions
Settlement Agreements between the U.S. Department of the Treasury’s Office of Foreign Assets Control and Expedia Group, Inc.; Hotelbeds USA, Inc.; and Cubasphere, Inc. and an Individual 6/13/2019 The...
View ArticleJune 13, 2019: CMPs getting inflated again…
Under the Federal Civil Penalty Inflation Adjustment Act of 1990 (amended under the Debt Collection Improvement Act of 1996 and the Federal Civil Penalties Inflation Adjusement Act Improvements Act of...
View ArticleThe rules for Cuba-related CMPs are different.
From the Cubasphere settlement: The Cuba Penalty Schedule, 68 Fed. Reg. 4429 (Jan. 29, 2003), sets a $2,000 penalty for the provision of travel services occurring “prior to agency notice,” plus $500...
View ArticleOFAC Enforcement Action: Expedia Group
Expedia Group, Inc. (“Expedia”) Settles Potential Civil Liability for Apparent Violations of the Cuban Assets Control Regulations: Expedia Group Inc., headquartered in Bellevue, Washington, on behalf...
View ArticleOFAC Enforcement Action: Hotelbeds USA
Hotelbeds USA, Inc. Settles Potential Civil Liability for Apparent Violations of the Cuba Assets Control Regulations, 31 C.F.R. part 515: Hotelbeds USA, Inc. (“Hotelbeds USA”), incorporated in Florida,...
View ArticleOFAC Enforcement Action: Cubasphere Inc (and an individual)
An Individual and Cubasphere Inc. Settle Potential Civil Liability for Apparent Violations of the Cuban Assets Control Regulations: An individual (the “Individual”), as well as Cubasphere Inc....
View ArticleJune 13, 2019: CMPs getting inflated again…
Under the Federal Civil Penalty Inflation Adjustment Act of 1990 (amended under the Debt Collection Improvement Act of 1996 and the Federal Civil Penalties Inflation Adjusement Act Improvements Act of...
View ArticleJune 19, 2019: OFAC designates Russian financial firm under NPWMD sanctions
Yesterday, OFAC added the following entity: LIMITED LIABILITY COMPANY NON-BANK CREDIT ORGANIZATION RUSSIAN FINANCIAL SOCIETY (Cyrillic: ОϬЩЕСТВО С ОГРАНИЧЕННОЙ ОТВЕТСТВЕННОСТЬЮ НЕБАНКОВСКАЯ КРЕДИТНАЯ...
View ArticleJune 20, 2019: OFAC amends the RPPR
Amendment of the Reporting, Procedures and Penalties Regulations (RPPR) 6/20/2019 The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is amending the Reporting, Procedures and...
View ArticleJune 21, 2019: OFAC adds to Nicaragua sanctions designations
On Friday, OFAC added the following persons: to its Nicaragua sanctions program. (Note the new program code for the new Nicaragua human rights program under the Nicaragua Human Rights and...
View ArticleJune 24, 2019: OFAC takes aim at Iran’s senior leadership
Yesterday, the President issued a new executive order which targets the Iranian Supreme Leader and his office, anyone appointed by them, any Iranian state official, any person appointed to lead an...
View ArticleWhatever happened to “strict liability,” OFAC?
From the “Risk Assessment” section of OFAC’s “A Framework for OFAC Compliance Commitments”: OFAC recommends that organizations take a risk-based approach when designing of updating an SCP. That flies...
View ArticleJune 26, 2019: OFAC updates Venezuela and Ukraine-related General Licenses
Issuance of Amended Venezuela-related General License; Temporary Extension of Ukraine-related General Licenses 6/26/2019 The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is...
View ArticleJune 26, 2019: OFAC amends DPRK regulations
Publication of Amended North Korea Sanctions Regulations 6/26/2019 The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is amending the North Korea Sanctions Regulationsto update...
View ArticleJune 27, 2019: OFAC adds two former regime members to Venezuela sanctions
On Thursday, OFAC designated the following two persons under the Venezuela sanctions program: LUGO GOMEZ, Eustiquio Jose (Latin: LUGO GÓMEZ, Eustiquio José), Caracas, Capital District, Venezuela; DOB...
View ArticleJune 28, 2019: OFAC sanctions Maduro’s son
On Friday, OFAC designated: MADURO GUERRA, Nicolas Ernesto (Latin: MADURO GUERRA, Nicolás Ernesto), Caracas, Capital District, Venezuela; DOB 21 Jun 1990; Gender Male; Cedula No. 19398759 (Venezuela)...
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