<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/ofac-offers-new-guidance/"></div>Yesterday the United States Department of the Treasury Office of the Foreign Assets Control (“OFAC”), offered guidance to those exporting medical devices under a one year specific license who need to replace parts on such medical devices that are found to be faulty or defective. The question is whether or not a US exporter can […]<!-- 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/more-removals-from-anti-narcotics-sanctioned-persons-list-last-friday/"></div>One of my favorite things to see is individuals and/or entities removed from the blocked persons list administered by the United States Department of the Treasury Office of Foreign Assets Control (“OFAC”). However, it’s not because I like to see alleged wrong doers exonerated of their status as Specially Designated Nationals (“SDN”). Rather, it gives […]<!-- 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/ofacs-back/"></div>With no major announcements in the past few weeks, I was getting concerned that the United States Department of the Treasury Office of Foreign Assets Control (“OFAC”) had shut down operations. No such chance. OFAC announced yesterday that they will have another symposium in December. This is something new that OFAC has been doing and […]<!-- 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/no-ofac-license-can-land-you-in-jail/"></div>Late last week, an aviation services company, along with its director and sales manager pleaded guilty today to federal charges relating to a conspiracy to illegally export aircraft components to entities in Iran from the U.S. via the Netherlands, the United Arab Emirates and Cyprus. The company, Aviation Services International, B.V. (“ASI”), is based in […]<!-- 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/when-will-ofac-act-on-iran-and-venezuelas-growing-relationship/"></div>Much has been made about the growing connection between Iran and Venezuela and of the friendship blossoming between their two controversial leaders: Mahmood Ahmadinejad and Hugo Chavez. While the majority of Washington is watching both of these regimes suspiciously, the United States Department of the Treasury Office of Foreign Assets Control (“OFAC”) has been rather […]<!-- 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/cuba-the-ofac-general-license-and-telecommunications/"></div>As announced earlier this month the United States Department of the Treasury Office of Foreign Assets Control (OFAC) has updated the Cuban Assets Control Regulations (CACR) to include some changes involving travel restrictions, remittances, telecommunications, agricultural and medical products, and gifts/humanitarian donations. Last week I posted on the changes to the travel restrictions. Today 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/new-bank-rule-being-implemented-at-the-request-of-ofac/"></div>On September 18, 2009, an International ACH Transaction (IAT) rule from NACHA – The Electronics Payments Association, will go into effect This rule was created because of a request by the United States Department of the Treasury Office of Foreign Assets Control (“OFAC”) that the ACH requirements for international payments be changed. This new rule […]<!-- 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-announces-a-number-of-removals-from-the-kingpin-list/"></div>Last Friday, The United States Department of the Treasury Office of Foreign Assets Control (OFAC) issued an announcement that a number of individuals and one entity had been removed from the Specially Designated Narcotics Trafficker (SDNT) list; also sometimes called the Kingpin List. These individuals had been placed on that list pursuant to the Foreign […]<!-- 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/off-balance-one-sneaker-exec-puts-his-foot-in-his-mouth/"></div>I was reading an article today discussing the large number of American goods in Cuba, and how that proves that U.S. trade sanctions are failing against that country. While I have often said that the sanctions need to be less rigid and tuned more towards working with the private sector, I think the article missed […]<!-- 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/how-close-is-a-cuban-close-relative/"></div>Not as close as you might think. Yesterday, I wrote on the update to the Cuban Assets Control Regulations (“CACR”) by the United States Department of Treasury Office of Foreign Assets Control (“OFAC”) and how it effected travel to Cuba. Prior to the changes ordered by President Obama, travel to Cuba was typically done pursuant […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via filter on get_the_