CASE STUDY: Brokering Agricultural Commodities on Behalf of a Non-U.S. Person
A few months ago, we wrote a case study on how the United States Department of the Treasury’s Office of…
Iran Sanctions Bonanza: New Designations and Legislation
With the Iranian Presidential elections exactly one month away the U.S. has taken the opportunity to ratchet up sanctions on…
Treasury Utilizes 311 Designations Against Lebanese Exchange Houses
Last week, the United States Department of the Treasury designated two Lebanese exchange houses under Section 311 of the USA…
OFAC’s Licensing Database Goes Live
A few years ago I was sitting down at lunch with a friend who was a former employee of the…
Importance of IMO Numbers Screening Comes to Light in Recent OFAC Enforcement Case
Last week, the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced a settlement in the…
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…
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…
The Domino Theory: Bank Saderat To Come Off of the EU Sanctions List?
There is a lot of stuff going on in the world of sanctions today. First, the United States Department of…
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…
OFAC Starts Off 2013 With An Enforcement Action
On the first business day of the new year, the United States Department of the Treasury’s Office of Foreign Assets…