Erich Ferrari June 16, 2013 Do Insurer’s Get Special Treatment in Sanctions Matters? While I hesitate to say that the U.S. Government, or specifically the United States Department of the Treasury’s Office of…
Erich Ferrari March 21, 2013 New Online OFAC Licensing Process on Its Way So the rumor, which has recently been substantiated, is that the United States Department of the Treasury’s Office of Foreign Assets…
Erich Ferrari March 19, 2013 OFAC Offers Lots of Guidance on Where Things Stand with Burma Today, the United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) issued a number of frequently asked…
Erich Ferrari March 16, 2013 OFAC Updates the IFSR, Includes Definitions Earlier this week, the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) amended Part 561 of…
Erich Ferrari March 7, 2013 The Iran-TRA’s Secondary Sanctions Trap I have been getting a lot of questions lately about the Iran Threat Reduction and Syrian Human Rights Act of…
Erich Ferrari February 25, 2013 OFAC Opens the Door for Funds Transferring Between Burma and the U.S. On Friday, the United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) issued a general license authorizing…
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 30, 2013 Case Study: How New Iran Sanctions Regulations Impact a Basic TSRA Transaction A few days ago, I reported on the number of licenses issued pursuant to the Trade Sanctions Reform and Export…
Erich Ferrari January 22, 2013 Determining Who’s an OFAC SDN Its clear that when a party’s name appears on the list of Specially Designated Nationals and Blocked Persons (“SDN List”)…