<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/anz-got-the-message/"></div>A few months ago I wrote on the large amount of money ANZ Bank had to pay to the United States Department of the Treasury Office of Foreign Assets Control (“OFAC”) in order to settle violations of U.S. economic sanctions. Well apparently that settlement got the point across to ANZ who has now refused to […]<!-- 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/why-the-decision-in-kindhearts-is-needed/"></div>I read an article this morning which stated that hopefully the judiciary would overturn the decision in Kindhearts v. Geithner and realized that warrant requirements in blocking actions by the United States Department of the Treasury Office of Foreign Assets Control (“OFAC”) is not a viable option. This is a classic position in the protecting […]<!-- 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-extends-general-license-in-regards-to-belarus-sanctions-designees/"></div>The United States Department of the Treasury Office of Foreign Assets Control (“OFAC”) has extended a General License for U.S. persons to engage in transactions with Lakokraska OAO and/or Polotsk Steklovolokno OAO. On September 4, 2008, OFAC issued a general license as to transactions these two entities which were originally designated under Executive Order 13405 […]<!-- 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-enforcement-guidelines/"></div>I’m a little late on this, as I have been on travel most of this week. However, The United States Department of the Treasury Office of Foreign Assets Control (“OFAC”) has released new enforcement guidelines which are full of great information for those finding themselves trying to make sense of various OFAC issues. My original […]<!-- 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/bank-mellat-chairman-iranian-bank-subsidiary-designated-under-non-proliferation-sanctions-regulations/"></div>In its continuing battle against one of Iran’s biggest banks, The United States Department of the Treasury Office of Foreign Assets Control (OFAC) designated both Bank Mellat’s Chairman, Ali Divandari and a Malaysian subsidiary of Bank Mellat, First East Export Bank (FEEB) under the U.S. Non-Proliferation Sanctions Regulations. According to a press release from the […]<!-- 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-removals/"></div>Its been a year of trends at the U.S. Department of the Treasury Office of Foreign Assets Control (OFAC) and they just keep on trending. One such trend that I have written on several times is the large number of designations and removal of designations under the Foreign Narcotics Kingpin Designation (Kingpin Act) that has […]<!-- 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/lobbyists-beware-u-s-sanctions-are-serious/"></div>I’ve been busy preparing for two upcoming trials so I haven’t been posting as regularly, however this story was too much to pass up. Before I dive into the story of Robert Cabelly, the former State Department official turned lobbyist who has just been indicted on four counts of violating the Sudanese Sanctions Regulations, one […]<!-- 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/three-turkish-nationals-hit-with-kingpin-act-designations/"></div>Last week the United States Department of the Treasury Office of Foreign Assets Control (“OFAC”) designated three individuals as Specially Designated Narcotics Trafficking Kingpins (“SDNTK”) under the Foreign Narcotics Kingpin Designation Act (“Kingpin Act”). As such, these individuals have had all assets under U.S. jurisdiction blocked and U.S. person are prohibited from engaging in transactions […]<!-- 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/a-word-on-ofac-licenses/"></div>I know…I know, I’ve been a bad blogger lately. In all fairness though, I was finishing up work on a law review article centered on the KindHearts v. Geithner decision that came out in August. As such, my OFAC work has not been put on hold; I merely chose another forum. In my absence OFAC […]<!-- 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/everything-in-moderation-even-america/"></div>As a general rule, I do not go into the foreign policy objectives and/or implications of the sanctions regulations administered by the United States Department of the Treasury Office of Foreign Assets Control (“OFAC”). Frankly, it is what it is and my goal is to represent clients before OFAC and make sure that they are […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via filter on get_