<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/discover-and-wells-fargo-banks-settle-ofac-violations/"></div>Last week the United States Department of the Treasury Office of Foreign Assets Control (“OFAC”) issued a civil penalties report. That report contained information that two financial institutions, Discover Financial Services (“Discover”) and Wells Fargo, remitted $8,720.00 and $67,500.00, respectively, to settle alleged violations of OFAC administered sanctions programs. Discover was alleged to have violated […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via filter on get_the_excerpt --&
Category : Erich Ferrari
<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/zimbabwe-attorney-general-placed-on-the-ofac-sdn-list/"></div>Several days ago the United States Department of the Treasury Office of Foreign Assets Control (“OFAC”) designated Zimbabwe Attorney General Johannes Tomana pursuant to the Zimbabwean Sanctions Regulations. Tomama is thought to have engaged in actions or policies which have have the effect of undermining Zimbabwe’s democratic processes or institutions. Tomana, appointed by President Robert […]<!-- 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-issues-another-general-license-pertaining-to-sale-of-irisl-vessels/"></div>The United States Department of the Treasury Office of Foreign Assets Control (“OFAC”), in a much anticipated move, has issued another general license under the Weapons of Mass Destruction Proliferators Sanctions Regulations (“WMD Sanctions”) authorizing the sale of two vessels which were formerly part of the fleet of the Islamic Republic of Iran Shipping Lines […]<!-- 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/u-s-continues-to-ease-its-position-on-cuba-sanctions-allows-for-remittances-of-cuban-convertible-pesos/"></div>Reversing their August 2006 position on the remittance of Cuban convertible pesos, the United States Department of the Treasury Office of Foreign Assets Control (“OFAC”) has issued a circular to remittance forwarders authorized to engage in transactions with Cuba, stating that those remittance forwarders may now wire Cuban convertible pesos to individuals in Cuba, who […]<!-- 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/china-and-us-agree-on-iran-strategy-but-disagree-on-tactics/"></div>In cables released by Wikileaks, there seems to be agreement between the United States and the People’s Republic of China that the two countries both seek to prevent Iran from obtaining nuclear weapons. However, the two nations remain at odds on what methods should be employed in preventing Iran from obtaining those weapons. According to […]<!-- 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/contrary-to-popular-belief-the-cuban-travel-transaction-ban-is-a-ban-on-travel/"></div>This morning I came across an article which served as a marketing press release of sorts for a service where people could obtain assistance in obtaining citizenship in Dominica. The article contends that, as a U.S. citizen, part of the allure of obtaining Dominica citizenship is the ability to travel freely to Cuba. This article […]<!-- 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-designates-new-individuals-and-entities-under-kingpin-sanctions/"></div>The United States Department of the Treasury Office of Foreign Assets (“OFAC”) has added twenty (20) Colombian nationals and twenty-four (24) businesses to the list of Specially Designated Narcotics Trafficking Kingpins (“SDNTKs”). These designated parties have had their assets under jurisdiction frozen and U.S. persons are prohibited from engaging in transactions with them. All of […]<!-- 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/embassy-rangoon-requests-ofac-designation/"></div>In a cable released by Wikileaks, dating from the summer of 2009, the U.S. embassy in Rangoon, Burma recommended that the United States Department of the Treasury Office of Foreign Assets Control (“OFAC”) designate a number of businesses of Burmese regime supporter Zaw Zaw by placing them on the list of Specially Designated Nationals (“SDN […]<!-- 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/u-s-government-leaving-gulf-countries-in-the-dark-on-iran-sanctions/"></div>A cable released as part of the ongoing Wikileakscontroversy indicates that the Gulf Countries felt left out of the U.S. sanctions planning against Iran. According to the cable, which describes a February 2010 meeting between U.S. officials and members of Congress and officials from the United Arab Emirates (“UAE”), officials from the UAE stated that […]<!-- 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-places-new-alleged-terrorists-on-the-sdn-list/"></div>The United States Department of the Treasury Office of Foreign Assets Control (“OFAC”) has designated four (4) individuals and seven (7) entities as Specially Designated Global Terrorists (“SDGTs”). The designated parties are believed in be engaged in the provision of financial support of Foreign Terrorist Organization, Hizbollah. According to OFAC, Ali Tajideen and Husayn Tajideen […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via filter on get_the_excerpt --&