OFAC Takes Aggressive Action Against Venezuela

On May 18, 2017, acting pursuant to Executive Order 13692, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated eight (8) members of Venezuela’s Supreme Court of Justice for judicial decisions that allegedly “usurped the authority...

Have We Entered a New Phase of Iran Sanctions?

On May 17, 2017, the U.S. Department of State indicated that it would be communicating to Congress the Trump administration’s intent to continue waiving sanctions as required under the Iran nuclear accord – formally known as the Joint Comprehensive Plan of Action...

OFAC Issues FAQs on Delisting Petitions

On April 20, 2017, the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued Frequently Asked Questions (FAQs) regarding petitions for removal from OFAC’s Specially Designated Nationals and Blocked Persons List (SDN List). In doing...