<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/burma-sanctions-gone-not-really/"></div>Last week, the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) officially implemented what many folks thought had already happened: an easing of the U.S. sanctions on Burma. This is a move that everyone saw coming as the President and the State Department had already announced that it would occur as […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via filter on
Category : Erich Ferrari
<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/ofac-designates-20-iranian-financial-institutions-and-it-doesnt-mean-anything-at-all/"></div>On Thursday, the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) identified a number of Iranian nationals, Iranian entities, foreign entities, Iranian Government agencies, and Iranian financial institutions for designation on the OFAC Specially Designated Nationals and Blocked Persons List (SDN List). These designations mean that the targets now U.S. economic […]<!-- 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/dubai-the-ofac-practitioners-paradise/"></div>No matter how many times I go to Dubai, I am constantly dazzled by its architecture, its diversity,……and the fact that there is so much activity going on which is potentially sanctionable under programs administered by the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC). This past week was no different. […]<!-- 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/dealing-with-oil-transactions-in-southern-sudan-an-ofac-perspective/"></div>When Sudan was split and Southern Sudan formed, it raised a lot of questions for U.S. entities seeking to engage in business with Sudan. Due to the geographical proximity between the two nations, the former ties, and the fact that Sudan is still subject to country wide U.S. economic sanctions, concerns were high for those […]<!-- 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-designates-parties-believed-to-be-connected-to-the-taliban/"></div>The United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated a number of parties yesterday that they believe to be linked to the Taliban. The designated parties were blocked pursuant to Executive Order 13224 and include Haji Abdul Sattar Barakzai, Haji Khairullah Barakzai, Haji Khairullah Haji Sattar Barakzai Money Exchange, and […]<!-- 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-transparency-in-sdn-designation-listings/"></div>Yesterday, the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced designations to their list of Specially Designated Nationals and Blocked Persons (SDN List). These designations were made pursuant to the Foreign Narcotics Trafficking Kingpin Designation Act (“Kingpin Act”), and pursuant to Executive Order 13224 and the Global Terrorist Sanctions Regulations. […]<!-- 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/are-some-companies-running-ofac-compliance-like-aml-compliance/"></div>Even in this day and age of $619 million dollar penalties for violations of economic sanctions regulations administered by the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC), some companies, particularly money service businesses are not properly handing OFAC compliance. In many cases, these parties are treating OFAC compliance in the […]<!-- 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-provides-more-clarity-on-syria-sanctions/"></div>Yesterday, the United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) issued further guidance concerning a few general licenses issued under the Syrian sanctions program. In its clarifications, OFAC made it clear that travel and travel related transactions are exempted from the Syrian sanctions, that the export of food and medicine is […]<!-- 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-targets-alleged-afghan-narcotics-traffickers/"></div>Yesterday, the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated four (4) individuals and two (2) entities pursuant to the Foreign Narcotics Trafficking Kingpin Designation Act (Kingpin Act). According to Treasury’s press release, one of the designated individuals, Shah Mohammad Barakzai, has already been arrested and sentenced on narcotics charges […]<!-- 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/apple-employees-offend-the-iranian-american-community-by-misinterpreting-their-own-policy/"></div>UPDATE: Reports are now being made that the Iranian American college student mentioned in this blog post, told the Apple employees that the Ipad she was seeking to purchase was to be sent to a relative in Iran as a gift. If this was the case, the Apple employees were legally right to not sell […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via filter on get_the_