• November 6, 2024

The Only Comprehensive Resource on U.S. Economic Sanctions

Category : Erich Ferrari

OFAC Takes Aim at Alleged Turkish Narcotics Traffickers

<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/ofac-takes-aim-at-alleged-turkish-narcotics-traffickers/"></div>The United States Department of the Treasury Office of Foreign Assets Control (OFAC) has designated the alleged founders of Kongra-Gel, Cemil Bayik and Duran Kalkan, as well as alleged leaders of that organization, Remzi Kartal, Sabri Ok and Adem Uzun, as Specially Designated Narcotics Trafficking Kingpins (SDNTKs) pursuant to the Foreign Narcotics Kingpin Designation Act […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via filter on get_the_

OFAC Has Not Investigated “Illegal” Settlements in the West Bank;

<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/ofac-has-not-investigated-illegal-settlements-in-the-west-bank-were-they-supposed-to/"></div>There was a report that came out a few days ago from The Institute for Research: Middle Eastern Policy, stating that the United States Department of the Treasury Office of Foreign Assets Control (OFAC) has failed to investigate the use of U.S. charitable donations to the West Bank to build, what the report refers to […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via filter on get_

Zimbabwe Diamond Dilemma Resolved?

<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/zimbabwe-diamond-dilemma-resolved/"></div>Over the past few weeks I have written about issues arising from the export of diamonds which were potentially sanctioned under the Zimbabwe Sanctions Regulations administered by the United States Department of the Treasury Office of Foreign Assets Control. As I had previously mentioned, it was believed that the U.S., through OFAC, and the E.U. […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via filter on

Top Three Tips For Filing an OFAC Voluntary Self Disclosure

<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/top-three-tips-for-filing-an-ofac-voluntary-self-disclosure/"></div>When a violation of a sanctions program administered by the United States Department of the Treasury Office of Foreign Assets Control (OFAC) has taken place, it is generally advisable to self disclose this violation or potential violation to OFAC. The reasons for this are varied, however, the simple answer is that a voluntary self disclosure […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via filter on get_the_

Zimbabwe-U.A.E.-India Diamond Connection?

<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/zimbabwe-u-a-e-india-diamond-connection/"></div>Sources are reporting that several leading diamantiares in Surat may face sanctions for exporting approximately $250 million worth of rough diamonds from Zimbabwe to India. Those diamonds are thought to be currently held in Dubai`s free trade zone. Following an announcement by Kimberley Process (KP) that Zimbabwe was to resume its rough diamond export last […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via filter on get_the_

North vs. South; OFAC Not Sanctioning Southern Sudan

<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/north-vs-south-ofac-not-sanctioning-southern-sudan/"></div>Yesterday, the United States Department of the Treasury Office of Foreign Assets Control (OFAC) issued guidance stating that the Sudanese Sanctions Regulations (SSR) will not apply to the new state of Southern Sudan. This new state is not fully formed, however, in the recent referendum conducted pursuant to the Comprehensive Peace Agreement of 2005, voters […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via filter on get_the_excerpt

The Isle of Man Is Fully OFAC Compliant

<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/the-isle-of-man-is-fully-ofac-compliant/"></div>In the Irish Sea sits an island known as the Isle of Man. Over the last decade this island has been utilized by numerous entities and individuals seeking to skirt the sanctions against Iran administered by the United States Department of the Treasury Office of Foreign Assets Control (OFAC). However, in response to strict enforcement […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via filter on get_the_

OFAC General License No. 4 for Libya

<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/ofac-general-license-no-4-for-libya/"></div>Last Friday, the United States Department of the Treasury Office of Foreign Assets Control (OFAC) issued its fourth general license in respect to the recently imposed sanctions which target the Government of Libya and the Qaddafi regime. This new general license pertains to investment funds in which there is a blocked, non-controlling minority interest held […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via filter on get_

OFAC Speaking Events in April 2011

<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/ofac-speaking-events-in-april-2011/"></div>I will be speaking on OFAC related matters several times over the next month. On April 18th I will be speaking in Los Angeles, on April 19th I will be speaking in San Diego, and on April 21st, I will be speaking in Washington, D.C. I hope to see a lot of my readers at […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via filter on get_

Iran Jewelry Seizure at Dulles Airport: Did the Importation of

<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/iran-jewelry-seizure-at-dulles-airport-did-the-importation-of-jewelry-violate-ofac-sanctions/"></div>This past weekend, Customs and Border Protection (CBP) agents at Washington-Dulles International Airport (Dulles) seized an estimated $3,000 in Iranian origin jewelry. The jewelry included one gold and one silver ring, two gold necklaces, a gold bracelet and a pair of earrings. According to CBP, the bringing into the United States of jewelry from Iran […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via filter on get_the_excerpt