<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/not-so-fast-ofac-revokes-general-licenses-for-irisl-vessels/"></div>The United States Department of the Treasury Office of Foreign Assets Control (OFAC) revoked two of the general licenses they had previously issued authorizing the judicial sale of a number of vessels owned by the Islamic Republic of Iran Shipping Lines (IRISL). The effective date of the first revocation, made in regards to General License […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via filter on get_the_
Category : Erich Ferrari
<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/ofac-delays-its-not-me-its-qaddafi/"></div>As any OFAC attorney can relate they have been busy these days. The new Libya sanctions and their implementation have sent all of us in the field scrambling to answer client’s questions, update compliance programs, and generally provide a sense to anyone and everyone of what these new sanctions entail. But it’s not only practitioners […]<!-- 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-gets-into-the-swing-of-things-more-libya-designations/"></div>It seems that everyday over the past few weeks I have been getting calls pertaining to the new Libya Sanctions. Moreover, every few days or so OFAC is either designating more parties under the new Libya sanctions program or promulgating new general licenses relating to those sanctions. Yesterday was no exception with OFAC adding a […]<!-- 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/oil-cargo-stuck-at-sea-just-get-an-ofac-license/"></div>As being reported by Reuters, a ship laden with cargo consisting of Libyan crude oil is parked off the coast of Texas and Louisiana and unable to discharge such cargo because it may cause a violation of the recently imposed U.S. sanctions against Libya. The ship is reportedly parked off the U.S. Gulf Coast’s refinery […]<!-- 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/ofac-issues-another-general-license-for-libya/"></div>There is good news for diplomatic missions of the Government of Libya to the United States or the United Nations: The United States Department of the Treasury Office of Foreign Assets Control (OFAC) has issued a general license which will allow such parties to engage in certain transactions for goods and services are now allowed. […]<!-- 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/libya-sanctions-put-into-effect/"></div>Last Friday President Barack Obama issued an Executive Order leveling sanctions against the Government of Libya, its agencies, instrumentalities, and controlled entities, and the Central Bank of Libya. In addition, a number of individuals listed on an Annex to this Executive Order where also targeted by those sanctions. In the Executive Order, President Obama found […]<!-- 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-sdn-list-removals-ofac-sdn-list-designations/"></div>Earlier this week the United States Department of the Treasury Office of Foreign Assets Control (OFAC) made a number of removals from the OFAC SDN List, or the Specially Designated Nationals List. However, at the same time that OFAC was removing parties they were also designating new SDNs under both the Foreign Narcotics Kingpin Designation […]<!-- 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/more-ofac-sdntk-designations-made/"></div>Last Friday the United States Department of the Treasury Office of Foreign Assets Control (OFAC) placed on the Specially Designated Nationals list, otherwise referred to as the OFAC SDN List, a number of individuals and entities pursuant to the OFAC Kingpin regulations. The targeted parties, making up the New Ansari Money Exchange, are accused of […]<!-- 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/answers-to-common-questions-surrounding-inheritances-in-iran/"></div>Although seemingly a difficult task, managing an inheritance in Iran can be done and done legally. With the right knowledge and a proactive approach you can successfully transfer your inheritance from Iran. What do I do if I inherited money in Iran? If it is only money you inherited, then you are permitted to bring […]<!-- 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/yet-another-ofac-general-license-issued-for-irisl-vessels/"></div>The United States Department of the Treasury Office of Foreign Assets Control (OFAC) issued a third general license today related to the the arrest, detention, and judicial sale of vessels belonging to the Islamic Republic of Iran Shipping Lines (IRISL). This general license relates to two vessels, the MV First Ocean and the MV Second […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via filter on get_the_