<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/pinnacle-aircraft-parts-pays-225000-for-jet-engine-destined-for-iran/"></div>Yesterday, the United States Department of the Treasury Office of Assets Control (“OFAC”) announced a settlement by Pinnacle Aircraft Parts for alleged violations of the Reporting, Procedures, and Penalties Regulations. According to the press release, OFAC alleges that Pinnacle failed to provide certain documents responsive to an administrative subpoena issued by OFAC relating to Pinnacle’s […]<!-- 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/are-ofac-licenses-coming-to-a-media-source-near-you/"></div>The United States District Court for the Southern District of New York ruled that the United States Department of the Treasury Office of Foreign Assets Control (“OFAC”) was required to turnover the names of parties granted specific licenses to engage in transactions otherwise prohibited by OFAC administered sanctions programs. This disclosures are to be made […]<!-- 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-releases-new-penalties-information-none-involving-iran/"></div>Yesterday the United States Department of the Treasury Office of Foreign Assets Control (“OFAC”) released information about new penalties and violation settlements. Oddly, there were no penalties or violations settlements relating to Iran. The reason I find this odd is that it is apparent that the Iran sanctions program, formally referred to as the Iranian […]<!-- 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/iranian-shipping-feels-force-of-ofac-designations-37-entities-5-individuals-designated/"></div>The U.S. Department of the Treasury has designated a number of front companies and individuals for allegedly acting on behalf of the Islamic Republic of Iran Shipping Lines (“IRISL”). The actions were not taken pursuant to the Non-Proliferation Sanctions Regulations implemented by Executive Order (E.O.) 13382. IRISL was designated in September 2008, for the provision […]<!-- 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/the-anaconda-effect-part-ii-economic-death-row/"></div>A few days ago I wrote about the fact that banks around the world have been refusing to process transactions that would be prohibited by a U.S. economic sanctions program, regardless of whether the United States Department of the Treasury Office of Foreign Assets Control (“OFAC”) had issued a specific license authorization to permit the […]<!-- 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/the-anaconda-effect-is-ofac-suffocating-itself/"></div>I just returned from a week long trip where I was working on various matters related to U.S. economic sanctions programs administered by the United States Department of the Treasury Office of Foreign Assets Control (“OFAC”). A lot of the rumors I heard prior to my trip ended up being true and reflected what I […]<!-- 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/president-obama-continues-emergency-as-to-alleged-narcotics-traffickers/"></div>Last Thursday President Obama continued the international emergency first declared in a 1995 executive order which paved the way for the implementation of economic sanctions against individuals and entities accused of engaging in narcotics trafficking or materially assisting those individuals who are engaged in such activities. Section 202(d) of the National Emergencies Act provides for […]<!-- 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-releases-new-kingpin-act-designations/"></div>After a two week hiatus, The United States Department of the Treasury Office of Foreign Assets Control (“OFAC”) has issued some new actions via their website. In addition, to updating the ever growing list of authorized providers of air, travel, and remittance forwarding services to Cuba, OFAC also designated a number of parties as Specially […]<!-- 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/bienvenidos-a-election-season-cuba-sanctions-may-play-a-role-in-california-gubernatorial-race/"></div>California State Attorney General Jerry Brown is currently facing a scandal over alleged prohibited trips taken to Cuba in 2000. According to the allegations being leveled at Brown, he was involved in a July 2000 trip to Cuba in violation of the Cuban Assets Control Regulations (“CACR”); commonly referred to as the Cuban Embargo. During […]<!-- 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/new-iran-sanctions-aimed-at-human-rights-violators/"></div>Last week President Obama issued an executive order implementing new sanctions against Iran aimed at those parties deemed to be engaged in human rights violations in that country. This executive order marks the second time since the passing of the Comprehensive Iran Sanctions Accountability and Divestment Act of 2010 (“CISADA”) that new sanctions have been […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via filter on get_the_excerpt