<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/15th-berlin-forum-on-global-economic-sanctions/"></div>15th Berlin Forum on Global Economic Sanctions 8-9 June 2022 | Courtyard by Marriott Berlin City Center, Berlin C5 invites you to attend the 15 th Berlin Forum on Global Economic Sanctions on 8-9 June 2022 at theCourtyard by Marriott Berlin City Center, Berlin! Industry across Europe is confronting an increasinglyunpredictable economic sanctions landscape-amid rapid […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via filter on get_the_excerpt --><!
Category : Erich Ferrari
<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/a-little-bit-of-guidance-on-ofac-general-license-g/"></div>Recently, I reviewed a response by the United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) to a request for interpretative guidance, or in the alternative, specific license authorization. Here is a run down of the basic facts that were responded to: a U.S. entity sought to collaborate and partner with Iranian […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via filter on
<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/clean-up-duty-ofac-acknowledges-an-unblocking-under-the-50-percent-rule-and-re-issues-venezuela-related-general-licenses/"></div>Yesterday, the United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) announced that it was issuing two revised general licenses issued under the Venezuela Sanctions Regulations (“VSR”), 31 C.F.R. Part 591, and made conforming changes to two previously issued Frequently Asked Questions (“FAQs”). What prompted this action, you ask? An affirmative determination […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via filter on
<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/ofac-continues-iran-designations-despite-covid-19-outbreak/"></div>Despite most of the world being in self-quarantine mode to prevent the spread if COVID-19, the United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”)–as well as the United States Department of State–have continued their work of targeting Iranian individuals and companies, as well as those acting for or on their behalf […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via
<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/conviasa-is-ofac-closing-the-cabin-door/"></div><!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via filter on get_the_excerpt --><!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons above via filter on get_the_excerpt --><!-- AddThis Share Buttons below via filter on get_the_excerpt --><div class="at-below-post-cat-page addthis_tool" data-url="https://
<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/south-sudan-sanctionable/"></div>It has been a while since we have posted, but we’re back by popular demand (actually, just one person’s polite request), and will try to begin posting on Sanctionlaw more often in 2020. We start off these renewed efforts by looking at OFAC’s recent designation of two senior officials of the Government of South Sudan. […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via filter on
<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/observe-and-report-ofac-issues-reminder-on-annual-blocked-property-reports/"></div>The United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) has been busy over the past few weeks. First, a couple of weeks ago, they issued the amended Reporting, Procedures, and Penalties Regulations, 31 C.F.R. Part 501, which expanded the level of detail required for OFAC blocking and reject reports, and extended […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via filter on get_
<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/three-tips-for-filing-an-ofac-license-application-to-unblock-funds/"></div>Every day, funds transfers are blocked by U.S. financial institutions and others due a belief that the blocking is necessary for compliance with U.S. economic sanctions regulations administered by the United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”). As readers of this blog may be aware, OFAC designates parties alleged to […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via filter
<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/fulmen-company-v-ofac-it-looks-like-everyones-going-to-lose/"></div>As I have noted over the past year, the United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) has increasingly recently found itself defending its actions in U.S. District Court. The latest lawsuit brought against OFAC was lodged by an Iranian entity, Fulmen Company (“Fulmen”), whose request for reconsideration of their designation […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via filter
<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/shock-gen-the-dangers-of-the-ofac-voluntary-self-disclosure/"></div>Last week, the United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) announced a settlement with Société Générale S.A. (“Soc Gen”) for violations of various OFAC administered sanctions programs. The OFAC settlement of $53,966,916.05 represented only a portion of a larger $1.3 billion amount Soc Gen is paying out to various authorities–including, […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via