Wait for it! (Part 1 – Russian Federation Executive Order)
BRIEFING ROOM Executive Order on Blocking Property with Respect to Specified Harmful Foreign Activities of the Government of the Russian Federation APRIL 15, 2021 • PRESIDENTIAL ACTIONS By the...
View ArticleNo need to wait anymore – major new US sanctions on Russia
Today, after President Biden issued a new Executive Order, Treasury issued the following Directive under it: OFFICE OF FOREIGN ASSETS CONTROL DIRECTIVE 1 UNDER EXECUTIVE ORDER OF APRIL 15, 2021...
View ArticleOFAC-related Treasury Press Release 1 – New Russia Sanctions authority
PRESS RELEASES Treasury Sanctions Russia with Sweeping New Sanctions Authority April 15, 2021 WASHINGTON — Today, the U.S. Department of the Treasury took multiple sanctions actions under a new...
View ArticleHot off the presses!
Everything But the Kitchen Sink, the latest episode of Mr. Watchlist’s DesigNation, is all about today’s Executive Order and Treasury’s Directive. A massive E.O., to be sure, but I like how it put...
View ArticleOFAC puts Belarus General License 2 on a very short leash…
The last issuance of General License 2 in October 2019 was for a period of 18 months – the new one, GL 2Hj? 45 days (till June 3rd). And reporting of transactions, single or in the aggregate, totaling...
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OFSI writes blog post about licensing…
Introduction to licensing Posted by: OFSI, Posted on: 19 April 2021 – Categories: Financial sanctions, Implementation As readers of OFSI’s previous blogs will be aware, the new UK autonomous sanctions...
View ArticleIn case you were wondering… State clarifies about the update to Belarus GL 2
Revocation of the Authorization of Belarus General License 2G Due to Human Rights Violations and Abuses PRESS STATEMENT ANTONY J. BLINKEN, SECRETARY OF STATE APRIL 19, 2021 Share The U.S. Department...
View ArticleOFAC Enforcement Action: Alliance Steel, Inc.
The firm settled 61 non-egregious, voluntarily self-reported violations of the Iranian Transactions and Sanctions Regulations (ITSR), reduced from a base penalty of $725,004. What Alliance Did...
View ArticleBurma sanctions on state timber and pearl enterprises, and OFAC says buh-bye...
OFAC has added the following entities: to its Burma sanctions regime: MYANMA TIMBER ENTERPRISE (a.k.a. MYANMAR TIMBER ENTERPRISE; f.k.a. STATE TIMBER BOARD; f.k.a. TIMBER CORPORATION), Gyogone Forest...
View ArticleState Department Statement on yesterday’s OFAC Designations
Imposing Sanctions on Two Burmese State-Owned Enterprises PRESS STATEMENT ANTONY J. BLINKEN, SECRETARY OF STATE APRIL 21, 2021 Share The Burmese military regime continues to ignore the will of the...
View ArticleOFAC knocks down more Kingpins
Today, OFAC removed the following counter narcotics trafficking sanctions designations: CARO ELENES, Hector Rafael (a.k.a. CARO HELENES, Hector Rafael), Callejon del Serrano 4361, Guadalajara,...
View ArticleOFAC adds 2 to Global Magnitsky sanctions for corruption
Today, OFAC added the following persons to the SDN List under its Global Magnitsky anti-corruption/human rights program: ALEJOS CAMBARA, Gustavo Adolfo (a.k.a. ALEJOS CAMBARA, Gustavo), Guatemala; DOB...
View ArticleOFAC updates Somalia Sanctions Regulations
04/27/2021 OFAC has amended and reissued in their entirety the Somalia Sanctions Regulations, 31 C.F.R. part 551. This final rule replaces the regulations that were published in abbreviated form on...
View ArticleSearching for Executive Order 14024?
It’s not where I thought it would be – under the Ukraine/Russia-related sanctions program. They made a new “Russian Harmful Foreign Activities Sanctions” program. It’s a bit of a head-scratcher – why...
View ArticleOFAC picks up some pocket change from 2 big names…
Settlement Agreements between the U.S. Department of the Treasury’s Office of Foreign Assets Control and MoneyGram Payment Systems, Inc., and SAP SE Release date 04/29/2021 The U.S. Department of the...
View ArticleIs OFAC’s budget a bit tight?
The settlement with MoneyGram isn’t an even dollar amount – $34,328.78. I’ve been reporting on enforcement actions for years and years now (going back to at least 2014), and I can’t recall any other...
View ArticleHM Treasury amends counter terrorism general license
Counter-terrorism general licence amended On 27 April 2021, HM Treasury amended the general licence relating to legal aid for counter-terrorism regimes. More information about the general licence can...
View ArticleOFAC removes a person (5 listings) from Iraq sanctions
OFAC has removed the following 5 listings (the same person) from its Iraq sanctions: AL-HASSAN, Anas Malik Dohan (a.k.a. AL-HASSAN, Anas; a.k.a. DOHAN, Anas; a.k.a. DOHAN, Anas Malik; a.k.a. MALIK,...
View ArticleStandards are good… NS-CCMC now conforms to them…
Migration of NS-CCMC List From Temporary Format to OFAC Standard List Format Release date 04/30/2021 OFAC is migrating its existing Non-SDN Communist Chinese Military Companies (NS-CCMC) List from a...
View ArticleOFAC publishes FAQ about Luokung Technology Corp (on the NS-CCMC List)
893. Do the prohibitions in Executive Order 13959, as amended (E.O. 13959), apply with respect to Luokung Technology Corp.?Answer On March 9, 2021, the Secretary of Defense listed Luokung Technology...
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