No OFAC License Needed for Payment of TRIA Judgment
This past week the United States District Court for the Southern District of New York ordered the payment of $359,689.75…
OFAC’s Iraq SDN List Still Lingers On…
Last Thursday, the United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) announced the removal of two…
OFAC’s Designation and Blocking Process Takes a Hit in the Al-Haramain Case
Last Friday, the Ninth Circuit Court of Appeals, found that parts of the designation and blocking process that the United…
GOI vs. Blocked Bank: What’s the Difference?
Recently the question was raised as to whether certain banks in Iran are blocked due to their placement on the…
To Reject or To Block, That is the OFAC Question
A number of people have come to us recently inquiring into whether or not a funds transfer will be blocked…
OFAC Offers New FAQs and Answers for Blocked and Returned Packages
Yesterday, the United States Department of the Treasury Office of Foreign Assets Control (OFAC) offered new frequently questions and answers…
More Thoughts on OFAC’s New Attorneys Fees Policy
Yesterday, I wrote about the new guidance the United States Department of the Treasury Office of Foreign Assets Control (“OFAC”)…
OFAC (Barely) Modifies Policy On Payment Of Legal Fees From Blocked Funds
For a number of years the United States Department of the Treasury Office of Foreign Assets Control (“OFAC”) has instituted…
OFAC Required to Procure Warrants for Blocking Actions According to One Court
A federal court ruled earlier this month that the U.S. Department of Treasury’s Office of Assets Control’s (“OFAC”) freezing of…