Erich Ferrari Archives - Page 36 of 62 -

OFAC SDN List vs. 314(a) List

<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/ofac-sdn-list-vs-314a-list/"></div>There is sometimes confusion about the List of Specially Designated Nationals and Blocked Persons (“SDN List”) maintained by the United States Department of the Treasury Office of Foreign Assets Control (OFAC) and the 314(a) List promulgated under the Patriot Act. In this post I will highlight some of the main differences. 1. Availability. The 314(a) […]<!-- AddThis Advanced Settings below via filter on get_the_

Is Your TSRA License Taking Longer Than Usual? Does That

<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/is-your-tsra-license-taking-longer-than-usual-does-that-indicate-denial/"></div>Last Friday the United States Department of the Treasury Office of Foreign Assets Control (“OFAC”) released its quarterly report on the issuance of licenses under the Trade Sanctions Reform and Export Enhancement Act of 2000 (“TSRA”) which is commonly referred to as the TSRA program. The TSRA program is utilized for license applications for the […]<!-- AddThis Advanced Settings below via filter on get_the_excerpt

GOI vs. Blocked Bank: What’s the Difference?

<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/goi-vs-blocked-bank-whats-the-difference/"></div>Recently the question was raised as to whether certain banks in Iran are blocked due to their placement on the Specially Designated Nationals List maintained by the United States Department of the Treasury Office of Foreign Assets Control (“OFAC”). The banks being referred to are designated as [IRAN] which denotes a designation pursuant to the […]<!-- AddThis Advanced Settings below via filter on get_the_

Cuba Travel Service Providers: What OFAC Needs From You

<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/cuba-travel-service-providers-what-ofac-needs-from-you/"></div>Due to a recent influx of calls on the subject and what seems to be a general sense of confusion about applying to become an authorized travel service provider (TSP) to Cuba, I thought I would highlight some of the information required for the application process. 1. Written Affirmation of Non-Discrimination: TSP Applicants will be […]<!-- AddThis Advanced Settings below via filter on get_the_excerpt

It’s That Time of the Year Again: Obama Makes His

<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/its-that-time-of-the-year-again-obama-makes-his-tier-i-kingpin-designations/"></div>On or about June 1st of every year the President designates for inclusion on the Specially Designated Nationals (“SDN”) List administered by the Office of Foreign Assets Control (“OFAC”) significant foreign narcotics traffickers pursuant to authority derived from the Foreign Narcotics Kingpin Designations Act (“Kingpin Act”). These designations are significant as those designated under these […]<!-- AddThis Advanced Settings below via filter on get_the_

Debunking the Myth: Transfers of Less than $10,000 Can Be

<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/debunking-the-myth-transfers-of-less-than-10000-can-be-smurfing/"></div>There is a prevailing myth amongst many people that if you transfer money in amounts of less than $10,000 from outside of the U.S. into the United States that there will be no problems with the transfer, even in the event, that the transfer was the result of some prohibited activity or if the funds […]<!-- AddThis Advanced Settings below via filter on get_

The U.S. Government Imposes ISA Sanctions on Four Entities

<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/president-obama-imposes-isa-sanctions-on-four-entities/"></div>The U.S. Government has designated four (4) entities for placement on the Specially Designated Nationals (“SDN”) List administered by the United States Department of the Treasury Office of Foreign Assets Control (“OFAC”) pursuant to the Iran Sanctions Act of 1996 (“ISA”). These designations follow the ISA designations made by the Secretary of State earlier this […]<!-- AddThis Advanced Settings below via filter on get_the_excerpt

President Obama Issues New E.O. Regarding Iran Sanctions

<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/president-obama-issues-new-e-o-regarding-iran-sanctions/"></div>Yesterday, President Obama issued a new Executive Order aimed at augmenting the Iran Sanctions Act of 1996 (ISA). The new executive order states that once someone has been designated by either the President or the Secretary of State pursuant to Section 5 of ISA that the U.S. Department of Treasury shall take the following actions: […]<!-- AddThis Advanced Settings below via filter on get_the_excerpt

Iranian EB-5 Visas Require an OFAC License

<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/iranian-eb-5-visas-require-an-ofac-license/"></div>There have been a number of calls to our office recently about whether Iranian EB-5 and E2 treaty investor applicants need an OFAC license. Apparently there was some confusion about the general license found at 31 C.F.R. 560.505. That general license allows for transactions related to activities carried out pursuant to visa authorizations; for example, […]<!-- AddThis Advanced Settings below via filter on get_

Army of Islam Designated on the OFAC SDN List

<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/army-of-islam-designated-on-the-ofac-sdn-list/"></div>The Secretary of State has designated the Army of Islam (AOI) as a Foreign Terrorist Organization (FTO) under Section 219 of the Immigration and Nationality Act, as well as, designated that organization pursuant to Executive Order 13224. The designation under Executive Order 13224, places the name of Army of Islam on the list of Specially […]&

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