<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/new-iran-sanctions-executive-order-and-what-it-means-for-ofac-license-holders/"></div>Yesterday, President Obama issued a new Executive Order which, in short, transformed the Iranian Transactions Regulations (ITR) into a blocking program. As such, the property or interests in property belonging to the Government of Iran, the Central Bank of Iran, and all Iranian financial institutions under U.S. jurisdiction or coming under U.S. jurisdiction is now […]<!-- 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/what-you-should-know-about-ofac-subpoenas/"></div>The number of administrative subpoenas being issued by the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) continues to grow every year. Outside of being an indication of you or your company’s subjection to a federal administrative investigation, what do you really need to know about the OFAC subpoena process? Well […]<!-- 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/sdns-as-high-ranking-foreign-government-officials/"></div>Recent articles have been calling into question Thai Prime Minister Yingluck’s decision to appoint a Specially Designated National (SDN), Nalinee Taveesin, as her Office Minister over the National Identity Office. Ms. Taveesin is on the SDN List administered by the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) pursuant to the […]<!-- 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/full-sanctions-have-come-for-bank-tejarat-the-iranian-blocked-banks-continue-to-grow/"></div>The [IRAN] designation found on the Specially Designated Nationals (SDN) List maintained by the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) has always been a point of confusion for many. What [IRAN] denotes is a designation as a Government of Iran entity under the Iranian Transactions Regulations (ITR), 31 C.F.R. […]<!-- 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/more-sanctions-imposed-under-iran-sanctions-act-of-1996/"></div>Last Thursday, the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC), updated its notice regarding the imposition of sanctions under the Iran Sanctions Act of 1996 (ISA) to include three (3) new entities. The newly designated entities include Fal Oil Company, Ltd., Kuo Oil (S) Pte. Limited, and Zhuhai Zhenrong Company. […]<!-- 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-penalties-significantly-decreased-in-2011/"></div>Sometime last year, I wrote a blog posting pontificating about a reduction in OFAC civil penalties and that the era of big OFAC penalties might have been at an end. Much to my chagrin, shortly after I wrote that posting JPMorgan Chase paid $88.3 million dollars in penalties to settle allegations of apparent OFAC violations. […]<!-- 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-designates-a-few-individuals-under-the-kingpin-act-but-removes-a-number-of-sdnts/"></div>Today, the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated three (3) individuals with purported links to Joaquin Guzman Loera (a.k.a. Chapo Guzman) as Specially Designated Narcotics Traffickers (SDNTKs) pursuant to the Foreign Narcotics Kingpin Designation Act (Kingpin Act). Due to these designations U.S. persons will be prohibited from engaging […]<!-- 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/top-3-things-you-should-know-about-the-new-sanctions-against-irans-central-bank/"></div>Last weekend, President Obama signed into law H.R. 1540, known as the National Defense Authorization Act for Fiscal Year of 2012 (“Act”). Since that time many people have been discussing the imposition of sanctions against Iran’s financial sector found at section 1245 of the Act. While there has been much discussion regarding what impact these […]<!-- 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-levels-kingpin-designations-against-alleged-kingpins-and-narco-traffickers/"></div>In its last major action of 2011, the United States Department of the Treasury Office of Foreign Assets Control (OFAC) designated Lebanese-Colombian nationals Jorge Fadlallah Cheaitelly (“Cheaitelly”) and Mohamad Zouheir El Khansa (“El Khansa”) as Specially Designated Narcotics Traffickers (SDNTs) due to their alleged role in international money laundering activities involving drug trafficking proceeds. In addition […]<!-- 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/is-yemen-the-next-target-of-sanctions/"></div>News reports have been coming out in recent days regarding the possibility of France imposing sanctions against Yemen. In light of these developments and the United States’ admission of Yemeni President Ali Abdullah Saleh to the U.S. for only “legitimate medical needs” it has to be wondered whether Yemen will be the next target of […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via filter on get_