Erich Ferrari September 16, 2009 Cuba, the OFAC General License, and Telecommunications As announced earlier this month the United States Department of the Treasury Office of Foreign Assets Control (OFAC) has updated…
Erich Ferrari September 15, 2009 New Bank Rule Being Implemented at the Request of OFAC On September 18, 2009, an International ACH Transaction (IAT) rule from NACHA – The Electronics Payments Association, will go into…
Erich Ferrari September 14, 2009 OFAC Announces a Number of Removals from the Kingpin List Last Friday, The United States Department of the Treasury Office of Foreign Assets Control (OFAC) issued an announcement that a…
Erich Ferrari September 11, 2009 Off Balance: One Sneaker Exec Puts His Foot in His Mouth I was reading an article today discussing the large number of American goods in Cuba, and how that proves that…
Erich Ferrari September 10, 2009 How Close Is A Cuban Close Relative? Not as close as you might think. Yesterday, I wrote on the update to the Cuban Assets Control Regulations (“CACR”)…
Erich Ferrari September 9, 2009 OFAC Updates Cuban Assets Control Regulations I am currently writing from my hometown of Miami, FL. In the spirit of my trip home for the Labor…
Erich Ferrari September 3, 2009 More Kingpin Designations Aimed at Productos Farmaceuticos Collins The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has named two Mexico-based entities, as well as…
Erich Ferrari September 1, 2009 New Civil Penalties Well, after a month of heavy settlements the United States Department of Treasury Office of Foreign Assets Control (“OFAC”) issued…
Erich Ferrari August 28, 2009 New OFAC Software Available Fiserv has announced the availability of their new Signature(TM) v. 9.2 banking platform which includes dynamic risk analysis along with…
Erich Ferrari August 25, 2009 New Mexico Governor Richardson Goes to Cuba As stated previously on this blog a massive amount of trade has taken place with Cuba under the agricultural exemptions…