<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/does-ofacs-policy-on-licensing-release-of-blocked-funds-for-sdn-reconsiderations-unfairly-limit-u-s-persons/"></div>As I was reading back through the licensing policy statement of the United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) concerning the release of blocked funds to pay for legal representation in the contesting of an OFAC designation to the Specially Designated Nationals and Blocked Persons List (“SDN List”), something dawned […]<!-- 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/new-online-ofac-licensing-process-on-its-way/"></div>So the rumor, which has recently been substantiated, is that the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) will be releasing a new online application process for all license applications to be processed through. The new online application process will be similar to the one used to apply for licenses to […]<!-- 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-offers-lots-of-guidance-on-where-things-stand-with-burma/"></div>Today, the United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) issued a number of frequently asked questions (FAQs) and answers on their website regarding the current state of U.S. economic sanctions targeting Burma. The FAQs were very useful in clearing up questions that have arisen since the easing of the Burmese […]<!-- 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-updates-the-ifsr-includes-definitions/"></div>Earlier this week, the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) amended Part 561 of Title 31 of the Code of Federal Regulations, which is the part that houses the Iranian Financial Sanctions Regulations (IFSR). Readers of this blog may know that the IFSR, in part codifies the sanctioning authority […]<!-- 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/ofac-adds-three-north-koreans-to-sdn-list-pursuant-to-executive-order-13382/"></div>Last week there was a lot of news about North Korea, their ongoing proliferation activities, and the new U.N. sanctions being imposed against them for those activities. In line with those sanctions, the United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) placed three (3) North Koreans on the List of Specially […]<!-- 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/the-iran-tras-secondary-sanctions-trap/"></div>I have been getting a lot of questions lately about the Iran Threat Reduction and Syrian Human Rights Act of 2012 (Iran-TRA). In particular there have been questions and misunderstandings regarding Section 504; the section that provides for secondary sanctions exposure for foreign financial institutions who knowingly engage in significant financial transactions knowingly conducted or […]<!-- 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/another-houston-company-settles-with-ofac/"></div>Yesterday, the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced a settlement with EGL, Inc., a Houston, TX entity for violations of the Cuban Assets Control Regulations (CACR) and the Iranian Transactions and Sanctions Regulations (ITSR). The $139,650 settlement stemmed from the activities of EGL’s foreign affiliates who extended freight […]<!-- 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-kingpin-convicted-for-drug-trafficking-by-a-d-c-jury/"></div>Last week Aurelio Cano Flores was convicted by a jury in Washington, D.C. for his involvement in the importation into the United States of over five (5) kilograms of cocaine and over 1,000 kilograms of marijuana. Cano Flores, a high ranking member of Mexico’s Gulf Cartel, is also a designated Foreign Narcotics Trafficking Kingpin (“Kingpin”) […]<!-- 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/criminal-investments-the-new-trend-in-ieepa-criminal-cases/"></div>There is a terrifying trend in the world of criminal prosecutions for sanctions related offenses these days. More and more prosecutors are bringing or threatening to bring criminal charges for making prohibited financial investments in Iran. I have seen this in practice myself, however, there is a recent case out of Tennessee which serves as […]<!-- 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/ofac-and-state-designate-four-to-sdn-list-one-may-already-be-dead/"></div>On Tuesday, the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) added three (3) individuals and one (1) entity to the list of Specially Designated Nationals and Blocked Persons (SDN List) pursuant to Executive Order 13224. OFAC found one these parties, 28 year old, Mullah Ahmed Shah Noorzai (Ahmed Shah) to […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via filter on get_the_excerpt -->&