OFAC adds to Cuba and Nicaragua sanctions
Today, OFAC added the following persons: AGUILAR GARCIA, Marvin Ramiro, Altos de Motastepe Casa No 430, Managua, Nicaragua; DOB 10 Jan 1957; POB Chontales, Nicaragua; nationality Nicaragua; Gender...
View ArticleState Department Statement on OFAC Cuba designations
Additions of Cuban Military-Owned Companies to the Specially Designated Nationals and Blocked Persons List PRESS STATEMENT MICHAEL R. POMPEO, SECRETARY OF STATE DECEMBER 21, 2020 Share Today, the...
View ArticleOFAC Syria (& related) designations & updates, and new FAQs
Today, OFAC added the following persons: AL-KINAYEH, Lina Mohammed Nazir (Arabic: لينا محمد نذير الكناية) (a.k.a. AL-CANAIYA, Leena Muhammad Nathir; a.k.a. AL-KINAYA, Lina Muhammed Nazir; a.k.a....
View ArticleOFAC’s Belarus program gets more folks, Iraq loses some
Today, OFAC added the following person: KAZAKEVICH, Henadz Arkadzievich (Cyrillic: КАЗАКЕВIЧ, Генадзь Аркадзьевiч) (a.k.a. KAZAKEVICH, Genadz Arkadzievich; a.k.a. KAZAKEVICH, Gennadi; a.k.a....
View ArticleLicense to…? Venezuela and Ukraine-related General License updates
The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is issuing General License 5F, “Authorizing Certain Transactions Related to the Petróleos de Venezuela, S.A. 2020 8.5 Percent...
View ArticleDecember 28, 2020: OFAC publishes enhanced Chinese Military Companies list,...
Yesterday, OFAC published the designations made in Executive Order 13959, and subsequently by the Department of Defense in both PDF and CSV forms. They’ve named this “Non-SDN Communist Chinese...
View ArticleOFAC sanctions 2 involved in Citgo 6 sentencing
Today, OFAC sanctioned the following persons under the Venezuela-related program: CORNIELLES RUIZ, Lorena Carolina, Coche Miguel Otero Silva Vereda 80, Casa 3, Caracas, Venezuela; DOB 03 Jul 1988;...
View ArticleEverything must go! OFAC Enforcement Action against BitGo, Inc. – $98,830
We started the year with a tiny $12,150 settlement with Park Strategies, LLC and end with this… 183 apparent violations of the Crimea (E.O. 13685) part of the Ukraine/Russia-related sanctions, as well...
View ArticleSanctions Clause says: Whoa, whoa, whoa!
You’re still at work, yes? OK, take a 10-minute break and listed to the latest episode Sanctions Clause Says: Don’t Pass, BitGo! – all about yesterday’s teeny, tiny settlement OFAC made with this...
View ArticleOFAC issues 2019 Terrorist Assets Report
The annual Terrorist Assets Report is out. Some highlights: From Exhibit A (blocked funds from SDGTS and FTOs) Total blocked funds increased from $46.2MM to $63.1MM ($16.9MM increase). However, that...
View ArticleEnd of Year Clearance: OFAC Enforcement nets $653,347 from National...
NCB, based in Jeddah, Saudi Arabia, paid the settlement for 13 apparent violations of the Sudan and Syria-related sanctions in which the transactions went through the U.S. financial system between...
View ArticleNew Year, new regime – new UK General License
General licence – INT/2020/059 OFSI has the power to issue General Licences for country sanctions regimes under the Sanctions and Anti-Money Laundering Act 2018 (“the Sanctions Act”). On 1 January...
View ArticleMr. Watchlist’s DesigNation gets an early start on the New Year…
As did OFSI (I got notification of their very first post-Brexit General License at 11:48 PM London time on New Year’s Eve)! So, I decided to make a podcast episode about it… “Trust, but Verify”,...
View ArticleAbout the new OFSI General License…
When I first got notice of the General License INT/2020/059 issued under the UK’s The Russia (Sanctions) (EU Exit) Regulations 2019, I thought “oh, wow! Something new and novel.” And, don’t get me...
View ArticleOFAC updates Venezuela General License 31, and issues an updated FAQ
This is an exception – this is not a limited time General License being renewed for another time period. Two important changes – first, the GL now authorizes transactions with a broader class of...
View ArticleOFAC Enforcement Disinformation: UBAF pays $8,572,500
That is not a typo… Mr. Watchlist meant to type “disinformation.” Read the details and I think you’ll understand why/… Union de Banques Arabes et Francaises (UBAF) committed 127 apparent...
View ArticleJanuary 4, 2020: OFAC publishes Communist Chinese Military Companies FAQ
862. Does Executive Order (E.O.) 13959 require U.S. persons, including U.S. funds and related market intermediaries and participants, to divest their holdings in publicly traded securities (and...
View ArticleOFAC sanctions Iranian steel companies, plus adds parties to IFCA menu-based...
Today, OFAC added the following person: SAJDEH, Majid, Iran; DOB 26 Jan 1968; POB Tehran, Iran; nationality Iran; Gender Male; Executive Order 13846 information: LOANS FROM UNITED STATES FINANCIAL...
View ArticleOFAC adds 2 new CAATSA FAQs, amends 2
OFAC added FAQs 869 and 870 today relating to CAATSA (Countering America’s Adversaries through Sanctions Act): 869. If a person is subject to non-blocking menu-based sanctions described in section...
View ArticleTwo more Communist Chinese Military Companies FAQs
Two more Frequently Asked Questions about Communist Chinese Military Companies (note that neither the program, nor the FAQ section includes the word “Communist”, but the OFAC Notice does): 863. Can...
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