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…
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…
New Waiver and General License Eases U.S. Sanctions on Burma
Yesterday, the United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) announced the issuance of a waiver…
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…
Humanitarian Relief and OFAC Regulations:
One of the most frustrating aspects of dealing with economic sanctions regulations administered by the United States Department of the…
OFAC Guidance on Iran Earthquake Relief
Over the weekend two large earthquakes occurred in northwestern Iran. Due to the magnitude of these earthquakes, hundreds died, thousands…
The Coming OFAC TRSA Iran Licensing Flood
One of the pleasures of my daily existence is hearing from potential clients who are seeking to comply with U.S.…
OFAC Updates Cuba Guidelines on Licensing for Cuba Travel for Educational Activities
On Friday the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) updated its Comprehensive Guidelines for…
OFAC Penalizes Dallas Company for Dealings With Richard Chichakli’s Assets
One of the most public OFAC SDN reconsideration cases, that dealing with former Texas resident, Richard Chicakli, has added a…
OFAC’s Licensing Database Released
Pursuant to a Freedom of Information Act (FOIA) Request, the United States Department of the Treasury’s Office of Foreign Assets…