<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/ofac-taking-aim-at-global-terrorism/"></div>The United States Department of the Treasury Office of Assets Control (“OFAC”) for the second time in the past week has utilized the Counter Terrorism Sanctions Regulations to designate individuals suspected of engaging in or materially assisting terrorist activities. The effect of this designation is the blocking of the U.S. assets of such individuals and […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via filter on get_
Category : Erich Ferrari
<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/cuba-service-providers-list-updated/"></div>The United States Department of the Treasury Office of Foreign Assets Control (“OFAC”) has released an updated list of authorized providers of travel, airfare, and remittance services to Cuba. OFAC had recently updated this list, however, there have been some changes that have warranted the issuing of a new list. Those traveling to Cuba under […]<!-- 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-uses-a-global-terrorism-sanctions-to-target-al-qaeda-in-iraq/"></div>The U.S. Department of the Treasury Office of Foreign Assets Control (“OFAC”) has designated Muthanna Harith al-Dari for providing financial, material, or technological support and financial services to or in support of Al Qaeda in Iraq. This designation was made pursuant to the Global Terrorism Sanctions Regulations and Executive Order 13224. These sanctions block the assets of a designee under U.S. jurisdiction. More […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!--
<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/ofac-takes-aim-at-alleged-narco-traffickers-in-mexico/"></div>The United States Department of the Treasury Office of Foreign Assets Control (OFAC) has designated an incredible fifty four (54) individuals under the Foreign Narcotics Designation Act (“Kingpin Act”). This action was taken following last Tuesday’s U.S.-Mexico Merida High Level Consultative Group meeting in Mexico City. According to OFAC, these individuals represent principal lieutenants and […]<!-- 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/how-ofac-determines-base-penalty/"></div>While there is plenty of confusion surrounding the sanctions regulations administered by the United States Department of the Treasury Office of Foreign Assets Control (“OFAC”), there is even more confusion surrounding how OFAC determines a penalty for a violation of its sanctions programs. There is essentially a four part matrix which determines what the base […]<!-- 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/voluntary-self-prosecution/"></div>It is well known that the United States Department of the Treasury Office of Foreign Assets Control (“OFAC”) will mitigate the penalties associated with a violations of an OFAC administered sanctions program if the party who committed the violation voluntarily self discloses such violation. Generally, OFAC does significantly reduce the penalty imposed as a result […]<!-- 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/alleged-kingpins-and-terrorists-join-ofacs-sdn-list/"></div>The United States Department of the Treasury Office of Foreign Assets Control (“OFAC”), in a move aimed at both suspected narcotics traffickers and the media wing of Hamas, has designated a number of individuals under both the Foreign Narcotics Kingpin Designation Act (“Kingpin Act”) and the Global Terrorism Sanctions Regulations (“Terrorism Sanctions”). The first move, […]<!-- 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/to-non-u-s-bank-or-to-u-s-bank-that-is-the-question/"></div>There are a number of things confusing about the sanctions regulations administered by the United States Department of the Treasury Office of Foreign Assets Control (“OFAC”). After all it is the complex and unclear nature of the regulations and OFAC’s penchant for leaving things open ended that have lead to the phrase, “regulation through ambiguity.” […]<!-- 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/more-news-on-the-cuban-assets-control-regulations/"></div>Last week the U.S. Department of the Treasury Office of Foreign Assets Control (“OFAC”) executed a number of actions in regards to the Cuban Assets Control Regulations (“CACR”). Yesterday, I wrote about updates made to the list of authorized service providers. Today I would like to mention the change in the language of the regulations that deals with […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via
<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/updates-on-cuba-service-providers-list/"></div>Last week the United States Department of the Treasury Office of Foreign Assets Control (“OFAC”) issued updates to the list of service providers authorized to provide air, travel and remittance services to Cuba. The list of these companies can be found here: List of Cuba Service Providers. Service providers on the list are allowed to […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via filter on get_the_