<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/iran-sanctions-bonanza-new-designations-and-legislation/"></div>With the Iranian Presidential elections exactly one month away the U.S. has taken the opportunity to ratchet up sanctions on the Islamic Republic. Last week, both the President and Congress took aim at Iran vis a vis the utilization of economic sanctions. The President acted when Treasury designated an individual, as well as a number […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via filter on get_
Category : Erich Ferrari
<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/burma-sanctions-continue-to-linger-on/"></div>Last Week President Obama reaffirmed the national emergency in respect to Burma (Myanmar) thereby extending the Burmese sanctions program. Regardless of this extension the U.S. has eased sanctions on Burma significantly in recent months. For example, the administration eased some of the U.S. visa restrictions imposed against Myanmar’s former military regime, and has also authorized […]<!-- 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/sdny-strikes-again-a-kingpin-has-arrived-in-america/"></div>Last week the United States Attorney’s Office for the Southern District of New York (USAO SDNY) announced the extradition of Jose Evaristo Linares Castillo, a Specially Designated Foreign Narcotics Trafficking Kingpin (SDNTK) as designated by the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC), from Colombia to the United States. According […]<!-- 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-announces-counter-narcotics-terrorism-and-ifsr-removals/"></div>It’s always an exciting day when the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) announces the removal of parties from their list of Specially Designated Nationals and Blocked Persons (SDN List). The reason for this excitement is because we never know when OFAC is going to remove one of our […]<!-- 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/treasury-utilizes-311-designations-against-lebanese-exchange-houses/"></div>Last week, the United States Department of the Treasury designated two Lebanese exchange houses under Section 311 of the USA PATRIOT Act as financial institutions of primary money laundering concern. The two exchanges houses that were designated, Kassem Rmeiti & Co. for Exchange and Halawl Exchange Co., are accused of laundering narcotics trafficking proceeds on […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via filter on get_the_
<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/ofacs-licensing-database-goes-live/"></div>A few years ago I was sitting down at lunch with a friend who was a former employee of the United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”). During that lunch she mentioned that OFAC was planning on releasing an online filing system for license applications. At the time I was […]<!-- 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/ofac-updates-electronic-document-submission-guidelines/"></div>Last week the United States Department of Treasury’s Office of Foreign Assets Control (OFAC) released new guidelines for submission of electronic documents to OFAC’s Office of Enforcement. While, OFAC’s Compliance Division handles the investigations of sanctions violations by depository institutions, OFAC’s Office of Enforcement is responsible for investigating sanctions violations that occur by parties other […]<!-- 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/ofac-ogt-gets-busy-removing-kingpins-from-sdn-list/"></div>Today, the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced that they were removing 12 names from the OFAC List of Specially Designated Nationals and Blocked Persons (SDN List). A review of the names removed shows that they were mostly individuals or entities from Columbia that were designated as either […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via filter on get_the_
<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/importance-of-imo-numbers-screening-comes-to-light-in-recent-ofac-enforcement-case/"></div>Last week, the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced a settlement in the amount of $20,800 with Maritech Commerical, Inc. (Maritech) for violations of 31 C.F.R. Part 544 when it provided fuel inspection services on board five (5) Islamic Republic of Iran Shipping Lines (IRISL) vessels. This activity […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via filter on get_the_excerpt
<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/when-push-comes-to-shove-u-s-not-happy-these-days-with-eu-sanctions/"></div>At a recent symposium held by Georgetown University on the topic of economic sanctions the Deputy Assistant Secretary for Terrorist Financing and Financial Crimes (TFFC) noted in relation to the EU General Court’s call for the removal of sanctions from Bank Mellat and Bank Saderat that the world cannot let procedure stand in the way […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via filter on get_