OFAC goes global in its pursuit of Iran…
Today, OFAC added the following entities to its Iran-related sanctions program: BETTER FUTURE GENERAL TRADING CO LLC, P.O. Box 4358, Dubai, United Arab Emirates; Additional Sanctions Information –...
View ArticleRandom Thought of the day: Sanctioning ship captains
So, what’s the point of OFAC designating 5 Iranian ship captains? Is there even a remote chance any of their assets are not in Iran? Another thought: how do these folks ever get off the list? If they...
View ArticleUS issues Xinjiang Supply Chain Business Advisory
From OFAC: Publication of Xinjiang Supply Chain Business Advisory 7/1/2020 On July 1, the U.S. Departments of State, Commerce, Homeland Security, and Treasury issued an advisoryon the risks for...
View ArticleTime to do your OFAC paperwork!
Reminder to file the 2020 Annual Report of Blocked Property 7/1/2020 31 C.F.R. § 501.603 of the Reporting, Procedures and Penalties Regulations (RPPR) requires holders of blocked property to provide...
View ArticleRandom thought of the Day: Executive Order 13894
The bulk of OFAC’s June 17th designations bore the program tag [SYRIA-E.O.13894]. This Executive Order is the only one issued under the “Syria-related” sanctions program. This Executive Order allows...
View ArticleEasy come, easy go: Venezuela removals
Along with the removal of Venezuela General License 37, today, OFAC removed the following entities and vessels from the SDN List: SEAHERO Crude Oil Tanker Bahamas flag; Vessel Registration...
View ArticleNotice to exporters 2020/11: License applications for Saudi Arabia military...
Notice Notice to exporters 2020/11: progressing licence applications for military exports to Saudi Arabia Published 7 July 2020 On 7 July 2020 the Secretary of State for International Trade informed...
View ArticleOFAC Enforcement Action: Amazon.com
The settlement: $134,523 The base penalty: $134,523…. but the statutory maximum was $1,038,206,212 What were the actual violations? From on or about November 15, 2011, to on or about October 18, 2018,...
View ArticleOFAC makes Xinjiang-related Global Magnitsky (human rights?) sanctions...
As part of its continued pattern of actions against China, today OFAC added the following people: CHEN, Quanguo (Chinese Simplified: 陈全国), Xinjiang, China; DOB 1955; POB Pingyu, Henan, China; Gender...
View ArticleOFAC makes 4 Somali designations go poof!
OFAC just removed the following people: GHEBREAB, Yemane (a.k.a. GEBRE AB, Yemane; a.k.a. GEBREAB, Yemane; a.k.a. YOHANNES, Yemane Ghebreab W.), 12 Keren Street, Asmara, Eritrea; Tegadelti Street,...
View ArticleOFAC updates Venezuela GL 5, adds FAQ
Today, OFAC issued General License 5D, which authorizes transactions involving PdVSA’s (Petroleos de Venezuela, S.A.) 2020 8.5% bond, but only after October 20, 2020. The previous version authorized...
View ArticleJuly 15, 2020: OFAC sanctions parties under Cyber, Election Interference,...
Wednesday, OFAC designated the following persons: LAVRENKOV, Igor Valerievich (Cyrillic: ЛАВРЕНКОВ, Игорь Валерьевич), Surat Thani 84320, Thailand; Chaoyang District, Beijing, China; DOB 30 Jan 1974;...
View ArticleState Department updates guidance for Section 232 of CAATSA
Updated Public Guidance for Section 232 of the Countering America’s Adversaries Through Sanctions Act (CAATSA) MEDIA NOTE OFFICE OF THE SPOKESPERSON JULY 15, 2020 Share Today, the Department of State...
View ArticleOFAC Updates: new Nicaragua Regulations & General License, updated Ukraine...
Amendment of Ukraine-related General Licenses 7/16/2020 The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is amending the Nicaragua Sanctions Regulations (31 CFR part 582) to...
View ArticleYou can take sanctions out of the country, but…*
Today, OFAC announced that Essentra FZE settled apparent violations of the Norht Korea Sanctions Regulations for $665,112. This represented a discount from the base penalty of $923,766 for egregious,...
View ArticleOFAC adds to Nicaragua and Counter-Narcotics listings (and removes some, too)
Today, OFAC added the following persons: CHENG, Guifeng, China; DOB 02 Feb 1958; nationality China; Gender Female; National ID No. 31010819580202164(China) (individual) [SDNTK]. JI, Songyan, China;...
View ArticleNew article on Amazon enforcement action
Published today on KYC360, Amazon: Prime Time for Penalties is my latest. It goes beyond the facial failures and tries to dig a little deeper – like, why did they not catch references to Yalta? Did...
View ArticleAnd now, the dessert – the State Department statement on today’s Kingpin...
Designation of PRC Foreign Nationals and Entities under the Foreign Narcotics Kingpin Designation Act PRESS STATEMENT MICHAEL R. POMPEO, SECRETARY OF STATE JULY 17, 2020 Share The Department of State...
View ArticleState Department Explains It All*: Nicaragua sanctions designations
The United States Sanctions Two Individuals and Two Entities Related to Corruption in Nicaragua PRESS STATEMENT MICHAEL R. POMPEO, SECRETARY OF STATE JULY 17, 2020 Share Today, the U.S. government...
View ArticleThanks, Yoshi!*
The recent enforcement action against Essentra FZE also come with a settlement agreement. However, although a link is posted on the Recent Actions page, you can’t get to it from the list of...
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