<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/ofac-takes-a-new-approach-russian-sectoral-sanctions/"></div>This past March, President Obama issued Executive Order (E.O.) 13662, targeting those parties dealing in certain sectors of the Russian Federation economy as may be determined by the Secretary of the Treasury, in consultation with the Secretary of State. Such sectors highlight in E.O. 13622 included financial services, energy, metals and mining, engineering, and defense […]<!-- 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/ofac-sdns-payments-and-the-barter-system/"></div>One of the great ironies you witness over and over again when you practice in the field of U.S. economic sanctions, is that the implementation of the regulations administered by the United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) often lead parties who are acting in complete accordance with the law […]<!-- 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/ofac-continues-trend-publishes-central-african-republic-sanctions/"></div>July 2014 will go down as the month The United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) did some major housekeeping. In the last week or so, OFAC has issued three new sets of regulations. Not bad considering two of those days were the weekend, and one was the July 4th […]<!-- 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/burmese-sanctions-regulations-get-a-facelift/"></div>This past Tuesday, the United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) amended and reissued the Burmese Sanctions Regulations in their entirety. This was done to implement a series of executive orders stretching as far back as 2007 issued in response the situation in Burma. Here are some of the big […]<!-- 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/planes-trains-and-automobiles-the-free-trade-zone-exception-myth/"></div>Over the course of my career, I have been blessed to have had the opportunity work with companies and individuals around the world, many of which have been located in the Persian Gulf countries. Given the impact of U.S. sanctions targeting Iran, Iran’s geographic proximity to these countries, and Iran’s traditional business ties to these […]<!-- 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/aircraft-parts-to-iran-open-for-business-or-not-really/"></div>Since last November when the the P5+1 entered into the Joint Plan of Action (“JPOA”) with Iran concerning Iran’s disputed nuclear program, there has been a great deal of interest in the portion of the JPOA’s sanctions relief dealing with exports of aircraft parts necessary for the safety of commercial passenger aircraft operating in Iran. […]<!-- 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-drones-fail-the-us-government-calls-in-the-big-dogs/"></div>Yesterday, the United States Department of the Treasury’s Office of Foreign Assets Control announced the designation of Shawki Ali Ahmed al-Badani to the list of Specially Designated Nationals and Blocked Persons (“SDN List”) as a Specially Designated Global Terrorist (“SDGT”) pursuant to Executive Order 13224. This designation freezes any assets of al-Badani that come within […]<!-- 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/is-congress-totally-out-of-touch-on-sanctions-relief-as-part-of-iran-nuclear-deal/"></div>Yesterday, the Jerusalem Post reported that they had obtained an exclusive copy of a letter written by Chairman of the House Foreign Affairs Committee, Representative Ed Royce (R-CA), and ranking member Representative Eliot Engel (D-NY), to President Obama, addressing Congress’ role in the lifting of sanctions pursuant to any comprehensive deal with Iran over its […]<!-- 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/are-you-fokkers-crazy/"></div>On Thursday, the United States Department the of the Treasury’s Office of Foreign Assets Control (“OFAC”) announced an agreement to settle violations of the Iranian Transactions and Sanctions Regulations (“ITSR”), and the Sudanese Sanctions Regulations (“SSR”) with Fokker Services B.V. (“Fokker”) The total? A whopping $50,922,208. The total number of prohibited transactions was 1,153, the […]<!-- 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/meta-ofac-appeals-and-renewed-sdn-requests-for-reconsideration/"></div>One of the most frustrating aspects of practicing law in the area of U.S. economic sanctions is explaining to clients that there are no mandated time frames in which the United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC) is required to respond to submissions for requests for reconsideration of a party’s […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via filter