<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/peeling-back-the-onion-can-the-u-s-grant-sanctions-relief-during-the-nuclear-talks/"></div>One of the big sticking points between Iran and the United States during the latest round of talks over Iran’s nuclear program is what Iran will get in exchange for reducing or limiting their nuclear program. Iran has repeatedly called for relief from the sanctions that it have been increasingly imposed and tightened on Iran. […]<!-- 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/round-two-ofac-enforcement-settles-with-national-bank-of-abu-dhabi/"></div>For the second time this week, the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) settled apparent violations of U.S. economic sanctions. A foreign bank, National Bank of Abu Dhabi, was the target of the second enforcement action this week, which means that both of the enforcement actions taken by 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/ofac-designates-one-new-kingpin-removals-nearly-two-dozen-others/"></div>Lost in all the hype surrounding the passive ING Bank settlement yesterday, was that the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued one new designation under the Foreign Narcotics Kingpin Designation Act (Kingpin Act) and released nearly two dozen SDNs from the Specially Designated Nationals List (SDN List) pursuant […]<!-- 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-settles-the-big-one-ing-bank-to-pay-619-for-sanctions-violations/"></div>Today, the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) settled a number of violations of OFAC administered sanctions with ING Bank (ING). The amount of this settlement: a whopping $619 million! This settlement amount was meant to settle the 20,452 apparent violations that ING engaged in between 2002-2007 and constitutes […]<!-- 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/top-5-ways-ofac-will-catch-an-apparent-sanctions-violation/"></div>A lot of people are knowingly involved in violations of U.S. economic sanctions administered by the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) and believe they will never get caught. It is true that many violations of OFAC administered sanctions go unnoticed, however, OFAC does catch a number of them. […]<!-- 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/the-coming-ofac-trsa-iran-licensing-flood/"></div>One of the pleasures of my daily existence is hearing from potential clients who are seeking to comply with U.S. economic sanctions administered by the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC). Lately, our phones have been ringing off the hook with persons seeking to export food, medicine, and medical […]<!-- 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/back-to-back-days-of-designations-from-ofac-tcos-and-kingpins/"></div>Both yesterday and today, the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated individuals pursuant to U.S. economic sanctions targeting Transnational Criminal Organizations and Foreign Narcotics Trafficking Kingpins respectively. As a result of the designations, U.S. persons are prohibited from engaging in transactions with these individuals and any assets held […]<!-- 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/will-aon-face-an-ofac-designation-or-an-ofac-penalty/"></div>There are some reports being published by African news outlets that AON Corporation, one of the world’s largest insurance brokers, is currently facing investigation for its dealings in relation to Zimbabwe diamonds. Included in these reports are that AON’s Zimbabwe brokering division has already been warned by the United State Department of the Treasury’s Office […]<!-- 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/game-of-lists-ofac-sdn-list-vs-bis-lists/"></div>A lot of time folks dealing with import-export compliance issues get confused by the lists; namely, 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) and the Proscribed Persons Lists administered by the Bureau of Industry and Security […]<!-- 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-and-cuba-travel-all-roads-still-run-through-the-treasury-annex-building/"></div>I frequently get calls regarding Cuba sanctions administered by the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC). Most people that call me are convinced that the sanctions targeting Cuba have been severely diminished and that OFAC is not strictly enforcing the program anymore. While I can’t say these people are […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via filter on