Erich Ferrari January 18, 2013 OFAC Enforcement and Deferred Prosecution Agreements: A New Trend Today the United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) announced a settlement between itself and…
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.…
Erich Ferrari January 13, 2013 What OFAC’s January 10th Advisory Could Mean This past Thursday, the United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) issued advisory guidance concerning…
Erich Ferrari December 27, 2012 Why an OFAC License Is Not the End of OFAC Compliance In my practice I have found that many people believe a license authorization issued by the United States Department of…
Erich Ferrari December 26, 2012 Light at the End of the Tunnel? Where are Iran Sanctions Going? If there is one thing that politicians in Washington consistently agree on it is additional sanctions on Iran. In the…
Erich Ferrari October 24, 2012 OFAC Revises 31 CFR Part 560 as the Iranian Transactions and Sanctions Regulations (ITSR) Yesterday, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued a significant revision of 31 CFR…
Erich Ferrari September 24, 2012 You Are Now Free to Move Around the Embargo: The Travel Exemption Under IEEPA I’m not sure what’s been going on lately, but we have been getting a lot of questions about whether sanctions…
Erich Ferrari September 21, 2012 OFAC Designates Aircraft Belonging to Iran Air, Mahan Air, and Yas Air A few days ago, the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced a series…
Erich Ferrari September 13, 2012 TFI Undersecretary Cohen Outlines Iran Sanctions Law and Policy Yesterday, the Treasury Undersecretary for Terrorism and Financial Intelligence David Cohen spoke to a group at New York University School…
Erich Ferrari September 12, 2012 Iran’s Rial Continues to Drop There have been a variety of news reports coming out in the past few days concerning the depreciation of the…