The Alfa Laval Enforcement Actions: the penalty calculations & General Factors
Alfa Laval Middle East: OFAC determined that AL Middle East did not voluntarily self-disclose the Apparent Violations and that the Apparent Violations constitute an egregious case. Accordingly, under...
View Article… and Alfa Laval’s lessons to be learned
Alfa Laval Middle East: Non-U.S. companies should be aware of how their activities might trigger compliance issues with U.S. sanctions, including when they place orders with U.S. affiliates or...
View ArticleGee! OFAC’s PdVSA General License gets updated
General License 5 authorizes transactions in PdVSA’s 2020 8.5% bond – after a certain date. Version 5G pushes that date out to October 21st. And the relevant Frequently Asked Question (595) was...
View ArticleOFAC adds Cuban person & entity to Global Magnitsky sanctions
OFAC today added the following person: LOPEZ MIERA, Alvaro (Latin: LÓPEZ MIERA, Álvaro), Cuba; DOB 26 Dec 1943; POB Havana, Cuba; nationality Cuba; Gender Male (individual) [GLOMAG]. and entity:...
View ArticleState and Treasury statements on OFAC designations
Here are the press releases by the State Department: Sanctioning Cuban Security Forces in Response to Violent Repression of Protests PRESS STATEMENT ANTONY J. BLINKEN, SECRETARY OF STATE JULY 22,...
View ArticleTwo in a week: Payoneer pays OFAC $1,400,301.40 for violating multiple...
So, Payoneer apparently violated a number of programs by processing 2,241 payments for parties in Iran, Sudan, Syria and Crimea… and another payments on behalf of parties on the SDN List. The value of...
View ArticleOFAC adds to counter-terror, Syria & Syria-related programs… and makes some...
OFAC today added the following persons: AL-SHABAN, Hasan (a.k.a. ALSHABAN, Hasan Suliman), Manbij, Syria; Sahinbey, Gaziantep, Turkey; DOB 07 Jan 1987; nationality Syria; Gender Male; Passport...
View ArticleState Department Statement on Al-Qaida designations
Designation of Al-Qa’ida-Linked Financial Facilitators PRESS STATEMENT ANTONY J. BLINKEN, SECRETARY OF STATE JULY 28, 2021Share The United States is designating one Turkey-based al-Qa’ida financial...
View ArticleState Department Statement on Syria designations
Imposing Sanctions in Defense of Human Rights in Syria PRESS STATEMENT ANTONY J. BLINKEN, SECRETARY OF STATE JULY 28, 2021Share The United States is taking action to promote accountability for...
View ArticleJuly 30, 2021: OFAC Cuban designations made under Global Magnitsky authorities
On Friday, OFAC added the following persons: CALLEJAS VALCARCE, Oscar Alejandro, Goycuria #119, 10 Octubre, Havana, Cuba; DOB 19 Sep 1957; POB Havana, Cuba; nationality Cuba; Gender Male; Passport...
View ArticleAugust 6, 2021: OFAC adds to counter terror sanctions
On Friday, OFAC designated the following people: ABDIKADIR, Abdikadir Mohamed (a.k.a. ABDUKADIR, Abdukadir Mohamed; a.k.a. ABDULKADIR, Abdulkadir Mohamed; a.k.a. "IKRIMA"), Somalia; DOB 1985; POB...
View ArticleOFAC’s Belarus response: a new E.O., a G.L. and FAQs – and designations, of...
Today, President signed a new Belarus sanctions Executive Order. It blocks the assets of the following persons, if so designated by the Secretary of the Treasury, in consultation with the Secretary of...
View ArticleOFAC makes Iran, counter-terror & Global Magnitsky (Cuba-related) designations
Today, OFAC added the following person: AL HABSI, Mahmood Rashid Amur (a.k.a. AL HABSI, Mahmood Rashid Amer; a.k.a. AL-HABSI, Mahmood; a.k.a. AL-HABSI, Mahmud bin Rashid), Muscat, Oman; DOB 15 Jul...
View ArticleAugust 13, 2021: State Department Statement on OFAC Cuba-related Global...
Sanctioning Cuban Officials in Response to Violence against Peaceful Protestors PRESS STATEMENT ANTONY J. BLINKEN, SECRETARY OF STATE AUGUST 13, 2021Share In recent weeks, the United States imposed...
View ArticleAugust 19, 2021: OFAC adds 3 Cubans to Global Magnitsky sanctions
Yesterday, OFAC added the following individuals: GONZALEZ BRITO, Andres Laureano (Latin: GONZÁLEZ BRITO, Andrés Laureano), Havana, Cuba; DOB 04 Jul 1954; POB Barajagua, Las Villas, Cuba; alt. POB...
View ArticleAugust 20, 2021: this is what happens when you try to beat Friday traffic…
OFAC on Friday added the following persons: VASILIEV, Kirill Yurievich (Cyrillic: ВАСИЛЬЕВ, Кирилл Юрьевич) (a.k.a. VASILIEV, Kirill; a.k.a. VASILYEV, Kirill), Russia; DOB 22 Feb 1973; nationality...
View ArticleAugust 23, 2021: OFAC sanctions Eritrean military leader under Global...
Monday, OFAC added the following person: WOLDEYOHANNES, Filipos (a.k.a. WELDEYOHANES, Philipos; a.k.a. WELDEYOHANNES, Filipos; a.k.a. WELDEYOHANNES, Fillipos; a.k.a. WELDEYOHANNES, Philipos; a.k.a....
View ArticleOFAC adds Paraguayan parties to Global Magnitsky sanctions
OFAC has added the following persons: DOLDAN GONZALEZ, Liz Paola (Latin: DOLDÁN GONZÁLEZ, Liz Paola) (a.k.a. DOLDAN GONZALEZ, Liz Paola Florinda (Latin: DOLDÁN GONZÁLEZ, Liz Paola Florinda)), Avenida...
View ArticleState Department statement on Paraguay Global Magnitsky designations
United States Sanctions Corrupt Actors in Paraguay PRESS STATEMENT ANTONY J. BLINKEN, SECRETARY OF STATE AUGUST 24, 2021Share The United States is imposing financial sanctions on three Paraguayan...
View ArticleHigher Education in Iran gets a license update from OFAC – thanks, COVID!
Today, OFAC issued the following new Iran General License: OFFICE OF FOREIGN ASSETS CONTROLIranian Transactions and Sanctions Regulations 31 CFR Part 560GENERAL LICENSE M-1Authorizing the Exportation...
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