<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/new-ofac-desginations-one-meaningless-one-interesting/"></div>Yesterday, the United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) announced the implementation of sanctions against four individuals and one entity. Two of the individuals, Mustafa Badr al-Din and Talal Hamiyah, were designated pursuant to Executive Order 13224 and the Global Terrorism Sanctions Regulations. Another individual, Hassan Nasrullah, a well known […]<!-- 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/tfi-undersecretary-cohen-outlines-iran-sanctions-law-and-policy/"></div>Yesterday, the Treasury Undersecretary for Terrorism and Financial Intelligence David Cohen spoke to a group at New York University School of Law on Iran Sanctions law and policy. For those that don’t know, Undersecretary Cohen has under his supervision the Office of Foreign Assets Control (OFAC), the primary federal agency responsible for administering U.S. economic […]<!-- 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/irans-rial-continues-to-drop/"></div>There have been a variety of news reports coming out in the past few days concerning the depreciation of the Iranian rial vs. the U.S. dollar. This is a trend that has been continuing for sometime. I recall in the summer of 2011 when clients were complaining about the exchange rate of 11,500 rials to […]<!-- 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-800-lb-gorilla-in-the-room-ofac-and-facilitation/"></div>There is one word that makes practitioners before the United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) cringe in fear: facilitation. Facilitation is a concept that is codified throughout the various OFAC regulations that in essence states no U.S. person can carry out any act which allows for two foreign persons […]<!-- 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/humanitarian-relief-and-ofac-regulations/"></div>One of the most frustrating aspects of dealing with economic sanctions regulations administered by the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) is having to apply the ambiguous language of the regulations to practical real world scenarios. Nowhere is this frustration more pervasive than in seeking to provide humanitarian relief […]<!-- 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-designates-the-second-wife-of-el-chapo/"></div>This week the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated the second wife of alleged Sinaloa Cartel leader Joaquin “El Chapo” Guzman Loera, as a Tier II Specially Designated Narcotics Trafficking Kingpin (SDNTK). As a result most dealings by U.S. persons with the designated party, Griselda Lopez Perez, are […]<!-- 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/is-removal-from-the-ofac-sdn-list-possible/"></div>I often hear from frustrated practitioners, as well as Specially Designated Nationals (SDN), contesting SDN designations by the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC), that removals are impossible or that there is no legitimate way to contest the designation. While I can appreciate their frustration with the OFAC SDN […]<!-- 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/syria-sanctions-having-an-impact-despite-numerous-general-license/"></div>Reports are coming out today that a year after the imposition of broad economic sanctions on Syria, consumer prices are surging as sanctions continue their grip on the economy. According to these reports, consumer prices rose 36 percent from a year earlier and climbed 2.9 percent from May. In addition, the Central Bureau of Statistics […]<!-- 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/dissecting-executive-order-13622-authorizing-additional-sanctions-with-respect-to-iran/"></div>Buried among the flurry of Iran sanctions measures imposed this summer by the United States Government was the little talked about Executive Order (E.O) 13622. This new executive order placed additional sanctions against the Iranian energy and petroleum sectors. Specifically, E.O. 13622 authorizes the Secretary of the Treasury to impose financial sanctions on foreign financial […]<!-- 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-issues-sdgt-designations-targeting-lashkar-e-tayyiba/"></div>On Thursday, The United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) designated several alleged leaders of the Lashkar-e-Tayyiba (LET) pursuant to Executive Order (E.O) 13224. Among those designated as Specially Designated Global Terrorists (SDGT) were Amir Hamza, Sajjid Mir, Abdullah Mujahid, Abdullah Muntazir, Talha Saeed, Qari Muhammed Yaqoob Sheikh, Hafiz Khalid […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via filter on get_