Erich Ferrari August 19, 2013 Visa Gets an OFAC Penalty…or a Notice…or a Warning…or Something Last week the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced an enforcement action against…
Erich Ferrari August 12, 2013 Burma…Going….Going…But Not Yet Gone Last week, President Obama, in light of the expiration of the Burmese Freedom and Democracy Act’s (BFDA) import ban issued…
Erich Ferrari July 6, 2013 OFAC FAQs: The End or Beginning of Your OFAC Inquiry? I hate knocking the United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) for the guidance they…
Erich Ferrari April 2, 2013 OFAC Updates Electronic Document Submission Guidelines Last week the United States Department of Treasury’s Office of Foreign Assets Control (OFAC) released new guidelines for submission of…
Erich Ferrari March 27, 2013 When Push Comes to Shove: U.S. Not Happy With EU Sanctions These Days At a recent symposium held by Georgetown University on the topic of economic sanctions the Deputy Assistant Secretary for Terrorist…
Samuel Cutler February 23, 2013 Mandated SEC Disclosures for Iran Sanctions Dealings a Boon for Law Enforcement Don’t look now but combing through SEC filings is about to get a lot more interesting. Under section 219 of…
Erich Ferrari February 18, 2013 Are Bank Compliance Officers Rendering OFAC Licensing Useless? I have had some recent clients who we procured licenses from the United States Department of the Treasury’s Office of…
Erich Ferrari February 9, 2013 OFAC Tells Us What We Already Know….Will It Make a Difference? In a definite sign that complaints regarding U.S. sanctions blocking the flow of medicine to Iran are beginning to pick…
Erich Ferrari January 27, 2013 OFAC’s Latest TSRA Quarterly Report Released; Are Exports to Iran Being Impacted? Earlier this week the United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) released their quarterly report…
Erich Ferrari January 17, 2013 The Power of Paperwork Economic sanctions regulations administered by the United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) change frequently.…