Erich Ferrari May 14, 2012 Remediating OFAC Violations One of the key general factors in the United States Department of the Treasury’s Office of Foreign Assets Control’s (OFAC)…
Erich Ferrari May 7, 2012 Sending Money to Those in Iran: Check with OFAC First We get questions all the time about individuals seeking to transfer funds to Iran to help out family members. Many…
Erich Ferrari April 27, 2012 OFAC Follows the Lead of the Department of Commerce; Issues Syria General License 4A Today the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued Syria General License 4A. This…
Erich Ferrari April 19, 2012 The Lifecycle of an OFAC Sanctions Program One of the questions I get from time to time is where do sanctions administered by the United States Department…
Erich Ferrari April 9, 2012 Determining a Significant Financial Transaction Under the IFSR The new sanctions targeting Iran which impose prohibitions on U.S. depository institutions maintaining correspondent or payable through accounts for foreign…
Erich Ferrari March 26, 2012 OFAC Amends the Iranian Transactions Regulations Last week the United States Department of the Treasury’s Office of Foreign Assets Control (‘‘OFAC’’) amended the Iranian Financial Sanctions…
Erich Ferrari March 19, 2012 More OFAC Information for the Insurance Industry The previous blog posting we put up on OFAC compliance for the insurance industry received quite a bit of positive…
Erich Ferrari March 7, 2012 OFAC Compliance for Insurance Providers Often times we get questions on how insurance providers should address issues arising from sanctions programs administered by the United…
Erich Ferrari March 6, 2012 Facilitation Under OFAC Administered Sanctions Programs One of the least understood and most confusing concepts for those dealing with matter before the United States Department of…
Erich Ferrari February 27, 2012 OFAC Amends the Iranian Financial Sanctions Regulations Today, the United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) amended the Iranian Financial Sanctions Regulations…