Select Page

Author: Erich Ferrari

Office of Foreign Assets Control Release New Enforcement Information

On New Year’s Eve, the U.S. Department of Treasury Office of Foreign Assets Control (“OFAC”) released new information on civil penalities assessed against a number of entities and individuals for violations of OFAC Administered Sanctions programs. OFAC issues monthly notices detailing the civil penalities issued and the violations for which they were assessed. During the month of December 2008, OFAC assessed civil penalties in the amount of $33,823.65. These penalities came against three seperate entities and one individuals for violations of the Foreign Narcotics Kingpin Sanctions Regulations, the Iranian Transactions Regulations, and the Burmese Sanctions Regulations. More information on the penalities can be found here. If you feel that you may have violated any OFAC administered regulations or seek assistance in complying with those regulations please contact the author at 202-329-5652 or by email at ferrari@mcnabbassociates.com The author of this blog is Erich C. Ferrari, an attorney in Washington, DC, who specializes in Sanctions Law and White Collar Criminal Defense. If you have any questions about the blog please email him at...

Read More

Iranian Business Executive Allegedly Assisted Iran Nuclear Program

The President of the Alavi Foundation, an Iranian not-for-profit organization devoted to the promotion and support of Persian culture, has been arrested. Farshid Jahedi, has been charged with obstruction of justice, for his alleged attempt to throw away documents responsive to a subpeona issued on Wednesday, December 17th. The subpeona was issued in connection with an investigation of Assa Corp. which the government asserts is a front to funnel money from the U.S. to Iran set up by Bank Melli, a blocked entity, as designated by the U.S. Department of Treasury’s Office of Foreign Assets Control. Mr. Jahedi is alleged to have thrown documents responsive to the subpoena into a public trash can in Ardsley, N.Y. The Alavi Foundation, owns 60 percent of 650 Fifth Avenue Co., and the government contends that the rental income from that company is being transferred to Bank Melli through Assa Corp. The crime of obstruction of justice is codified at 18 U.S.C. 1505. In part, the statute makes it a crime for a person: who has the intent to avoid, evade, prevent, or obstruct compliance with a civil investigation that was properly made under 15 U.S.C. §§ 1311 et seq., to willfully withhold, misrepresent, remove from any place, conceal, cover up, destroy, mutilate, alter, or by other means falsify any documentary material, answer to written interrogatories, or oral testimony, which is the subject of...

Read More

Welcome to the World of Sanctions!

Welcome to the official blog of The Law Office of Erich Ferrari! My practice is devoted, in part, to helping individuals and businesses navigate the complex world of federal sanctions. In addition, the practice represents individuals and business before federal executive agencies in matters ranging from revocations and denials of security clearances to removal of individuals from government blocked persons lists. This blog will post on changes in the U.S. and international sanctions programs, as well, as relevant news articles pertaining to such sanctions programs, amongst other matters. If you are interested in the legal processes surrounding sanctioning or need representation before a U.S. or international agency pertaining to compliance with or violation of a sanctions program please do not hesitate to contact us at: 1-(202)-329-5652, or email:...

Read More