<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/a-sanction-for-almost-every-reason-president-obamas-new-executive-order/"></div>I suppose the President has gotten tired of Congress getting all of the attention when it comes to imposing new sanctions on Iran. Earlier this week, the President issued a new executive order implementing certain sanctions that were previously called for in the Iran Freedom and Counter Proliferation Act (IFCA) and adding some new sanctions […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via filter on get_the_
Category : Ferrari Legal, P.C.
<div class="at-above-post-cat-page addthis_tool" data-url="https://sanctionlaw.com/case-study-brokering-agricultural-commodities-on-behalf-of-a-non-u-s-person/"></div>A few months ago, we wrote a case study on how the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) treated a U.S. company that had sold its majority ownership interest to an Iranian national. In today’s post, we address a newly rendered OFAC enforcement action where they issued a cautionary […]<!-- 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-designations-and-the-right-to-effective-assistance-of-counsel-a-new-paradigm/"></div>In recent months, the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) has engaged in a new trend: the designation of parties to the Specially Designated Nationals and Blocked Persons List (SDN List) who are incarcerated and facing extradition to the United States. The latest example of this came a few […]<!-- 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/iran-sanctions-bonanza-new-designations-and-legislation/"></div>With the Iranian Presidential elections exactly one month away the U.S. has taken the opportunity to ratchet up sanctions on the Islamic Republic. Last week, both the President and Congress took aim at Iran vis a vis the utilization of economic sanctions. The President acted when Treasury designated an individual, as well as a number […]<!-- 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/burma-sanctions-continue-to-linger-on/"></div>Last Week President Obama reaffirmed the national emergency in respect to Burma (Myanmar) thereby extending the Burmese sanctions program. Regardless of this extension the U.S. has eased sanctions on Burma significantly in recent months. For example, the administration eased some of the U.S. visa restrictions imposed against Myanmar’s former military regime, and has also authorized […]<!-- 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/sdny-strikes-again-a-kingpin-has-arrived-in-america/"></div>Last week the United States Attorney’s Office for the Southern District of New York (USAO SDNY) announced the extradition of Jose Evaristo Linares Castillo, a Specially Designated Foreign Narcotics Trafficking Kingpin (SDNTK) as designated by the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC), from Colombia to the United States. According […]<!-- 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-announces-counter-narcotics-terrorism-and-ifsr-removals/"></div>It’s always an exciting day when the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) announces the removal of parties from their list of Specially Designated Nationals and Blocked Persons (SDN List). The reason for this excitement is because we never know when OFAC is going to remove one of our […]<!-- 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/treasury-utilizes-311-designations-against-lebanese-exchange-houses/"></div>Last week, the United States Department of the Treasury designated two Lebanese exchange houses under Section 311 of the USA PATRIOT Act as financial institutions of primary money laundering concern. The two exchanges houses that were designated, Kassem Rmeiti & Co. for Exchange and Halawl Exchange Co., are accused of laundering narcotics trafficking proceeds on […]<!-- 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/ofacs-licensing-database-goes-live/"></div>A few years ago I was sitting down at lunch with a friend who was a former employee of the United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”). During that lunch she mentioned that OFAC was planning on releasing an online filing system for license applications. At the time I was […]<!-- 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/ofac-updates-electronic-document-submission-guidelines/"></div>Last week the United States Department of Treasury’s Office of Foreign Assets Control (OFAC) released new guidelines for submission of electronic documents to OFAC’s Office of Enforcement. While, OFAC’s Compliance Division handles the investigations of sanctions violations by depository institutions, OFAC’s Office of Enforcement is responsible for investigating sanctions violations that occur by parties other […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via