<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/individual-convicted-of-ieepa-violation-returns-to-tehran-after-losing-his-appeal/"></div>Earlier this month, Amirhossein Sairafi, one of three defendants charged in in the Central District of California for violation the International Emergency Economic Powers Act (IEEPA), the underlying statute of the Iranian trade embargo, was deported to Tehran after serving a 41 month sentence in a U.S. federal prison. Although pleading guilty to the charges […]<!-- 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/ofacs-latest-tsra-quarterly-report-released-are-exports-to-iran-being-impacted/"></div>Earlier this week the United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) released their quarterly report pursuant to the Trade Sanctions Reform and Export Enhancement Act of 2000 (“TSRA”). The report covers the period of July 2012-September 2012 and provides information concerning the licensing of exports to Iran and Sudan of […]<!-- 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/determining-whos-an-ofac-sdn/"></div>Its clear that when a party’s name appears on 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 (“OFAC”) that they are blocked persons with whom U.S. persons cannot engage in most transactions. However, there are times when a party […]<!-- 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/ofac-designates-meza-flores-as-an-sdntk/"></div>Last Friday, the United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) leveled a Specially Designated Narcotics Trafficking Kingpin (“SDNTK”) designation against the Meza Flores organization and a few of its operatives. OFAC believes Meza Flores to be a drug trafficking organization operating out of the Sinaloa region of Mexico. As a […]<!-- 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-enforcement-and-deferred-prosecution-agreements-a-new-trend/"></div>Today the United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) announced a settlement between itself and Dal-Tech, a Florida company, for apparent violations of the Iranian Transactions Regulations. The amount of the settlement was a mere $10,000; however, the value of the exports involved, radio frequency measurement devices, was also small […]<!-- 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/the-power-of-paperwork/"></div>Economic sanctions regulations administered by the United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) change frequently. As part of those changes, OFAC is often amending regulations to grant authorizations, revoke authorizations, offer policy statements, etc. At no time was this more apparent than when OFAC amended the Iranian Transactions Regulations on […]<!-- 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/what-ofacs-january-10th-advisory-could-mean/"></div>This past Thursday, the United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) issued advisory guidance concerning the use of exchange houses and trading companies to evade U.S. economic sanctions against Iran. Basically, the guidance stated that Iran is using third country exchange houses or trading companies as money transmitters to process […]<!-- 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/ofacs-iraq-sdn-list-still-lingers-on/"></div>Last Thursday, the United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) announced the removal of two parties designated under the Iraq Stabilization and Insurgency Sanctions program (“Iraq Sanctions”). These sanctions have been put into law by Executive Orders 13303, 13315, 13350, 13364, and 13438. These Iraq Sanctions target specific individuals and […]<!-- 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-starts-off-2013-with-an-enforcement-action/"></div>On the first business day of the new year, the United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) announced a $191,700 settlement of sanctions violations with Ellman International, Inc. (“Ellman”) for apparent violations of the Iranian Transactions Regulations (“ITR”). Under it’s prior ownership and management Ellman exported products to Iran and […]<!-- 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/why-an-ofac-license-is-not-the-end-of-ofac-compliance/"></div>In my practice I have found that many people believe a license authorization issued by the United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) is a magic bullet to allow them to deal freely with parties in sanctioned countries or with sanctioned targets themselves. Nothing could be farther from the truth. […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via filter on get_