Recently, we had an opportunity to successfully represent a private individual who held assets in an Iranian entity obtain a license from the United States Department of the Treasury’s Office of Foreign Assets Control...Read More
Category: Ferrari Legal, P.C.
For nearly two (2) years, we have received numerous questions regarding amounts frozen in the bank accounts of foreign financial institutions that belong to the Central Bank of Iran (CBI). Typically, these funds which have been...Read More
There is always a lot made of U.S. companies being subjected to liability for sanctions violations for the actions of their foreign subsidiaries. One fairly common occurrence that does not get as much attention, however, is that...Read More
Today, the United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) announced the issuance of two (2) general license authorizations in relation to Iran. The first general license,...Read More
Sometimes forgotten in the long and growing list of Executive Orders directing sanctions to be imposed against various alleged bad actors, is Executive Order (E.O.) 13608 which prohibits certain transactions with, and suspends...Read More
Let me start off this post by saying that the Freedom of Information Act (FOIA) office at the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has always been responsive, polite, and professional...Read More