Erich Ferrari February 8, 2012 New Iran Sanctions Executive Order and What it Means For OFAC License Holders Yesterday, President Obama issued a new Executive Order which, in short, transformed the Iranian Transactions Regulations (ITR) into a blocking…
Erich Ferrari October 20, 2011 OFAC Releases Q1 2011 TSRA Report…Is OFAC Getting Faster? Today, the United States Department of the Treasury Office of Foreign Assets Control (OFAC) released its quarterly report on licensing…
Erich Ferrari September 25, 2011 This Couldn’t Be Another Libya General License….Could It? Yes, it is. I may soon have to consider changing Sanctionlaw.com to Libyagenerallicenses.com at the rate which the United States…
Erich Ferrari June 14, 2011 How Will OFAC Address a Cuban Oil Spill? Recently questions have been asked regarding whether the restrictions found in the Cuban Assets Control Regulations (“CACR”) will bar U.S.…
Erich Ferrari April 11, 2011 OFAC General License No. 4 for Libya Last Friday, the United States Department of the Treasury Office of Foreign Assets Control (OFAC) issued its fourth general license…
Erich Ferrari March 18, 2011 OFAC Delays? It’s Not Me, It’s Qaddafi As any OFAC attorney can relate they have been busy these days. The new Libya sanctions and their implementation have…
Erich Ferrari March 3, 2011 Oil Cargo stuck at Sea? Just Get an OFAC License As being reported by Reuters, a ship laden with cargo consisting of Libyan crude oil is parked off the coast…
Erich Ferrari February 13, 2011 Three (3) Keys to Drafting an OFAC Specific License Application When one hears the term OFAC specific license application they imagine a form or a questionnaire type document. This is…
Erich Ferrari February 8, 2011 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…