August 3, 2019: CBW Act-related Executive Order, Directive and FAQs
Issuance of CBW Act-related Executive Order; Publication of CBW Act Directive and Frequently Asked Questions 8/3/2019 On August 1, 2019, the President issued a new Executive Order (E.O.)...
View ArticleSouth American Fire and Fury: OFAC sanctions Venezuelan government
We have a new Executive Order which sanctions the Maduro government (and all their 50 Percent Rule brethren), new (13) and updated (12) General Licenses, new and revised FAQs, and guidance related to...
View ArticleExecutive Order 13884
Executive Order 13884 of August 5, 2019 Blocking Property of the Government of Venezuela By the authority vested in me as President by the Constitution and the laws of the United States of America,...
View ArticleNew and updated Venezuela FAQs
679. Executive Order of August 5, 2019, “Blocking Property of the Government of Venezuela,” blocks all property and interests in property of the Government of Venezuela. What does this mean for the...
View ArticleVenezuela General License 2A
OFFICE OF FOREIGN ASSETS CONTROL Executive Order 13808 of August 24, 2017 Imposing Additional Sanctions with Respect to the Situation in Venezuela Executive Order of August 5, 2019 Blocking Property of...
View ArticleVenezuela General License 3F
OFFICE OF FOREIGN ASSETS CONTROL Executive Order 13808 of August 24, 2017 Imposing Additional Sanctions with Respect to the Situation in Venezuela Executive Order 13850 of November 1, 2018 Blocking...
View ArticleOFAC Venezuela Humanitarian Assistance Guidance
Guidance Related to the Provision of Humanitarian Assistance and Support to the Venezuelan People Date: August 6, 2019 As the illegitimate former Maduro regime continues to usurp power and plunder...
View ArticleAugust 6, 2019: OFAC updates one counter terrorism listing
On Tuesday, OFAC updated the following counter terrorism designation: SERHAN, Fadi Hussein (a.k.a. SARHAN, Fadi Husayn; a.k.a. SIRHAN, Fadi), Own Building, Kanisat Marmkhael, Saliba Street, Corniche,...
View ArticleAugust 7, 2019: OFAC updates the IFSR
Publication of Amended Iranian Sanctions Regulations Regarding the Iron, Steel, Aluminum, and Copper Sectors of Iran 8/6/2019 The Department of the Treasury’s Office of Foreign Assets Control (OFAC)...
View ArticleOFAC Enforcement Action: PACCAR Inc.
The firm, which is in the truck business, agreed to a $1,709,325 settlement for 63 apparent violations of the Iranian Transactions and Sanctions Regulations (ITSR), which were voluntarily...
View ArticleOFAC Enforcement Actions: DNI Express Shipping Company and Southern Cross...
These were both issued on August 8th, and were both Finding of Violations for not adhering to the Reporting, Procedures and Penalties Regulations (RPPR). Here’s the DNI facts: On May 29, 2015, OFAC...
View ArticleAfter 2 years… save the date for OFAC!
2019 OFAC Symposium Save the Date and Registration Open 8/14/2019 OFAC invites you to join us for our 2019 Fall Symposium to take place at the Walter E. Washington Convention Center in Washington, DC...
View ArticleOFAC Enforcement Action: Atradius Trade Credit Insurance, Inc.
This one’s pretty cut and dried… a $343,315 fine for accepting the business of collecting the $5,730,680.33 debt from a company on the SDN List, and for actually successfully collecting $4,043,174.25...
View ArticleAugust 20, 2019: OFAC designates a trough of Kingpins
Yesterday, OFAC added the following people: CASTRO CORDERO, Natanael, Dominican Republic; DOB 08 Nov 1982; POB Santo Domingo, Dominican Republic; nationality Dominican Republic; Gender Male; Cedula No....
View ArticleAnd yet more Kingpins.. hot off the presses
In the last hour, OFAC designated the following persons: YAN, Xiaobing (Chinese Traditional: 顏曉兵; Chinese Simplified: 颜晓兵) (a.k.a. “YAN, Steven”; a.k.a. “ZHOU, William”), Wuhan, Hubei, China (Chinese...
View ArticleIn conjunction with the recent OFAC designation…
Of a Chinese network supplying opioids to the US, FinCEN issued an advisory yesterday entitled “Advisory to Financial Institutions on Illicit Financial Schemes and Methods Related to the Trafficking of...
View ArticleBreaking: OFAC targets Iranian procurement networks
Today, OFAC designated the following persons: AKHAEI, Shaghayegh (Arabic: شقایق اخایی) (a.k.a. AKHAEE, Shaghayegh; a.k.a. AKHAIEE, Shaghayegh; a.k.a. AKHAYEE, Shaghayegh); DOB 12 Mar 1988; alt. DOB 07...
View ArticleState Department Press Release on yesterday’s OFAC designations…better late...
Designation of Individuals and Entities Linked to Iranian Procurement Networks under E.O. 13382 (“Blocking Property of Weapons of Mass Destruction and Their Supporters”) PRESS STATEMENT MICHAEL R....
View ArticleAugust 29, 2019: OFAC sanctions financial firms and persons facilitating...
On Thursday, OFAC designated the following persons: AL-AYY, Muhammad Kamal (a.k.a. ALAY, Muhammad Kamal Salamah), Gaza, Palestinian; DOB 22 Dec 1970; Gender Male; National ID No. 912396140...
View ArticleAugust 30, 2019: More OFAC North Korean designations
On Friday, OFAC added the following persons: CHEN, Mei Hsiang (Chinese Traditional: 陳美香) (a.k.a. CHEN, Mei-Hsiang), Taiwan; DOB 18 May 1956; nationality Taiwan; Gender Female; Secondary sanctions risk:...
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