• November 25, 2024

The Only Comprehensive Resource on U.S. Economic Sanctions

OFAC Makes Changes to Greek SDGT

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I apologize to all my readers who sent in emails wondering where I have been. I am in the middle of discovery in 3 differents cases right now and I have just released my new site (www.legalroadmap.com).

My schedule is starting to get back to normal, so I will be back blogging more regularly.

Today the United States Department of Treasury Office of Foreign Assets Control (“OFAC”) has made minor changes to the designation of REVOLUTIONARY STRUGGLE (a.k.a. EPANASTATIKOS AGHONAS), although these changes seem to be mostly related to how the name appears on the SDN list.

The Revolutionary Struggle is a Greek Foreign Terrorist Organization involved is a far-left Greek paramilitary group known for its attacks on Greek government buildings and the American embassy in Athens. It is widely described as a terrorist group by both the Greek government and the media. As such they have been listed as a Specially Designated Global Terrorist and placed on OFAC’s Specially Designated Nationals (“SDN”) list.

Section 1 of Executive Order 13224 blocks property and interests under the jurisdiction of the United States of persons listed as an SDN. In addition, any persons owned, controlled or acting on behalf of an SDN with property or interests under the jurisdiction of the United States may have those interests blocked.

Such interests can include bank accounts, real estate, and securities. An appeal to such blocking can be a costly and time consuming matter. As such, effective counsel should be sought out immediately if one believes that it might be blocked or an individual or entity it is involved with may be blocked.

The author of this blog is Erich Ferrari, an attorney specializing in OFAC litigation. If you have any questions please contact him at 202-280-6370 or ferrari@ferrari-legal.com.

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Erich Ferrari

As the Founder and Principal of Ferrari & Associates, P.C., Mr. Ferrari represents U.S. and foreign corporations, financial institutions, exporters, insurers, as well as private individuals in trade compliance, regulatory licensing matters, and federal investigations and prosecutions. He frequently represents clients before the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC), the United States Department of Commerce’s Bureau of Industry and Security (BIS), and in federal courts around the country. With over 12 years of experience in national security law, exports control, and U.S. economic sanctions, he counsels across industry sectors representing parties in a wide range of matters from ensuring compliance to defending against federal prosecutions and pursuing federal appeals.

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