OFAC Caps off a Huge 2009 With Their Biggest Settlement Ever
In a year of absolutely huge fines and settlements for violations of sanctions programs, the United States Department of the…
Bank Mellat Chairman; Iranian Bank Subsidiary Designated under Non-Proliferation Sanctions Regulations
In its continuing battle against one of Iran’s biggest banks, The United States Department of the Treasury Office of Foreign…
Everything in Moderation; Even America
As a general rule, I do not go into the foreign policy objectives and/or implications of the sanctions regulations administered…
When Will OFAC Act on Iran and Venezuela’s Growing Relationship?
Much has been made about the growing connection between Iran and Venezuela and of the friendship blossoming between their two…
New Civil Penalties!
The United States Department of Treasury Office of Foreign Assets Control (“OFAC”) released its monthly report of civil penalties. Some…
Providing Spying Equipment to the Islamic Republic of Iran; Sanctions Aside, It Was Wrong
Yesterday the Washington Times reported that “two European companies — a major contractor to the U.S. government and a top…
Bank Saderat Seeking to have OFAC Ban Removed
There was an article today that came out on Zaywa which states that Bank Saderat, which is becoming privatized this…
OFAC vs. The Future of the Web
Reading some other opinions around the web on Google and Microsoft’s suspension of certain services to users in OFAC sanctioned…