OFAC Enforcement Action: Bank of China (UK)
Bank of China’s London branch is paying $2,329,991 (from a $4,313,799 base) for 111 voluntarily self-disclosed violations of the Sudanese sanctions program, committed between September 2014 and...
View ArticleOFAC Enforcement Action: First Bank SA and JC Flowers & Co
The bank and its parent company settled with OFAC for $862,318 for 98 voluntarily self-reported, non-egregious Apparent Violations of the Iran and Syria sanctions programs. What they did In early...
View ArticleOFAC’s renewing its website certificate
Important Technical Notice for Users of the OFAC Website and Sanctions List Data Files The US Department of Treasury is initiating the annual renewal of the public certificate securing...
View ArticleOFAC’s Pre-Labor Day Clearance – Balkans and Cuban removals, Cuban updates
OFAC has removed the following persons: DJOGO, Jovan; POB Kalinovik, Bosnia-Herzegovina (individual) [BALKANS].KRAJISNIK, Momcilo; DOB 20 Jan 1945; POB Zabrdje, Bosnia-Herzegovina; ICTY indictee...
View ArticleOFAC sanctions Iranian intelligence officers
Today, OFAC added the following persons: FARAHANI, Alireza Shahvaroghi (a.k.a. "ALI, Haj"; a.k.a. "SALIMI, Vezarat"; a.k.a. "SALIMI, Vezerat"), Iran; DOB 06 Dec 1970; nationality Iran; Additional...
View ArticleFriday’s State Department statement on Iranian Intelligence designations
Sanctioning Iranian Intelligence Affiliates for Targeting Dissidents Abroad PRESS STATEMENT ANTONY J. BLINKEN, SECRETARY OF STATE SEPTEMBER 3, 2021Share Iran’s attempt to kidnap a U.S. citizen on U.S....
View ArticleHas it really been another year?
The 2020 Terrorist Assets Report has been released by OFAC (yesterday, actually) – enjoy all 21 pages of it! Links: OFAC Notice 2020 Terrorist Assets Report
View ArticleOFAC Enforcement Action: NewTek, Inc.
NewTek, a company from San Antonio, settled its liability for 52 non-egregious, voluntarily self-disclosed violations of the Iranian Transactions and Sanctions Regulations (ITSR) for $189,483. OFAC...
View ArticleOFAC updates Venezuela General License 5 (and its FAQ)
General License 5 is the one that permits dealing in PdVSA’s 8.5% Bond… only on or after a certain date. The new date – in GL 5H – is January 21, 2022. The old date? October 21, 2021 And the...
View ArticleOFAC adds 2 WMD designations to Russian Harmful Foreign Activities program
Today, OFAC updated the following designations: 27TH SCIENTIFIC CENTER (a.k.a. FEDERAL STATE BUDGETARY ESTABLISHMENT 27 SCIENTIFIC CENTER OF THE MINISTRY OF DEFENSE OF THE RUSSIAN FEDERATION; a.k.a....
View ArticleOFAC moves to knock down some more Kingpins
Today, OFAC added the following persons: ANTUNEZ MUSSO, Washington (a.k.a. "PAPO"), Colombia; DOB 20 Aug 1987; POB Salto, Uruguay; citizen Colombia; Gender Male; Cedula No. 1015413405 (Colombia);...
View ArticleOFAC designates Al-Qaida financier network
OFAC has added the following persons: AL-GHAZLANI, Muhammad Nasr al-Din, Turkey; DOB 06 Sep 1968; nationality Egypt; Gender Male (individual) [SDGT] (Linked To: AL QA'IDA).GURLEYEN, Soner, Istanbul,...
View ArticleState Department Statement on OFAC counter-terror designations
Designation of Al-Qa’ida Supporters PRESS STATEMENT ANTONY J. BLINKEN, SECRETARY OF STATE SEPTEMBER 16, 2021Share The United States remains committed to combatting al-Qa’ida and other terrorist...
View ArticleFriday Sanctions-a-Rama! New Ethiopia E.O., G.L.s, FAQs… and some Iran and...
President Biden issued a new Executive Order “Imposing Sanctions on Certain Persons with Respect to the Humanitarian and Human Rights Crisis in Ethiopia”. It empowers the Treasury Secretary to...
View ArticleOFAC’s Annual Reminder about the Blocked Property Report
Reminder for the Annual Report of Blocked Property Release date09/17/2021Body On July 6, 2021, the Office of Foreign Assets Control (OFAC) issued a recent action notice, reminding holders of property...
View ArticleOFAC updates Ransomware Advisory, and adds SUEX OTC to Cyber sanctions
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has issued an updated advisory to highlight the sanctions risks associated with ransomware payments in connection with...
View ArticleOFAC adds Kingpins, updates and removes (a lot) other narcotics traffickers…...
OFAC has added the following individuals: CARRILLO JIMENEZ, Luis Alberto, Mexico; DOB 15 Aug 1979; POB Nogales, Sonora, Mexico; nationality Mexico; Gender Male; C.U.R.P. CAJL790815HSRRMS05 (Mexico)...
View ArticleOFAC issues Afghanistan-related counter-terrorism General Licenses – and just...
As we all kind of expected, the U.S. is keeping sanctions on the Taliban, but taking action to provide humanitarian aid to Afghanistan through General Licenses for the Counter Terrorism program. We’ve...
View ArticleOFAC Enforcement Doubleheader, Part 1: Cameron International Corporation
Cameron International Corporation has agreed to pay $1,423,766 for apparent violations of Directive 4 sectoral sanctions under the Ukraine/Russia-related program. Although the violations were...
View ArticleOFAC’s Enforcement Doubleheader, Part 2: Schlumberger Rod Lift
Schlumberger Rod Lift, Inc. (“SRL”) (now d/b/a Lufkin Rod Lift, Inc.1) — a Frisco, Texas-based company that was formerly a subsidiary of Schlumberger Lift Solutions LLC (“SLS”), itself a U.S....
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