<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/court-denies-suppression-of-ieepa-defendants-statements-related-to-medical-exports-to-iran/"></div>The United States District Court of the Southern District of California has denied the motion of a criminal defendant, Mohammad Reza Nazemzadeh, to suppress statements made by him in a variety of communications with other individuals and with law enforcement. Nazemzadeh was indicted for seeking to export medical devices to Iran. Nazemzadeh is a post […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via filter on get_the_
Category : Erich Ferrari
<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/ofac-opens-the-door-for-funds-transferring-between-burma-and-the-u-s/"></div>On Friday, the United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) issued a general license authorizing U.S. persons to engage in transactions with four (4) banks in Burma. Those banks include Asia Green Development Bank, Ayeyarwady Bank, Myanma Economic Bank, and Myanma Investment and Commercial Bank. The general license allows U.S. […]<!-- 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/are-bank-compliance-officers-rendering-ofac-licensing-useless/"></div>I have had some recent clients who we procured licenses from the United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) for come back and say that despite their licenses, no banks were willing to transfer the funds. There are also numerous reports of banks refusing to process payments for exports of […]<!-- 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/no-ofac-license-needed-for-payment-of-tria-judgment/"></div>This past week the United States District Court for the Southern District of New York ordered the payment of $359,689.75 to plaintiffs in the matter of The Estate of Michael Heiser, et. al v. Bank of Tokyo Mitsubishi UFJ, New York Branch (“Bank of Tokyo”). The matter is one brought under the Terrorism Risk Insurance […]<!-- 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/ofacs-iran-tra-designations-the-net-widens/"></div>I’m still playing catch up on the flurry of activity which came out of the United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) last week. In addition to the Frequently Asked Questions on Section 504 of the Iranian Threat Reduction and Syria Human Rights Act of 2012 (Iran-TRA), and OFAC’s guidance […]<!-- 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-tells-us-what-we-already-know-will-it-make-a-difference/"></div>In a definite sign that complaints regarding U.S. sanctions blocking the flow of medicine to Iran are beginning to pick up steam in Washington, the main agency tasked with administering U.S. economic sanctions, the United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”), has issued a six (6) page document providing guidance […]<!-- 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/the-domino-theory-bank-saderat-to-come-off-of-the-eu-sanctions-list/"></div>There is a lot of stuff going on in the world of sanctions today. First, the United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) issued guidance both on the impact of Section 504 of the Iran Threat Reduction and Syria Human Rights Act of 2012 (“TRA”) as well as on the […]<!-- 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/the-blind-side-what-happens-when-an-ofac-sdn-comes-off-the-list/"></div>There are a number of practitioners out there who will tell you that removing an individual or companies name from the List of Specially Designated Nationals and Blocked Persons (“SDN List”) administered by the United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) is nearly impossible. That’s simply not true. Indeed, OFAC […]<!-- 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/case-study-how-new-iran-sanctions-regulations-impact-a-basic-tsra-transaction/"></div>A few days ago, I reported on the number of licenses issued pursuant to the Trade Sanctions Reform and Export Enhancement Act of 2000 (“TSRA”) by the United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) for export of agricultural commodities, medicine, and medical devices to Iran and Sudan. Of course, those […]<!-- 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/bad-sanctions-whos-to-blame/"></div>I was recently re-reading the Judicial Review Commission Report on Foreign Assets Control (“Report”), a 2000 report on the implementation of the Foreign Narcotics Kingpin Designation Act (“Kingpin Act”). A few key points from that Report got me thinking about the overall state of U.S. economic sanctions and where some of the more onerous provisions […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via filter on get_the_