Will AON Face an OFAC Designation or an OFAC Penalty?
There are some reports being published by African news outlets that AON Corporation, one of the world’s largest insurance brokers,…
Game of Lists: OFAC SDN List vs. BIS Lists
A lot of time folks dealing with import-export compliance issues get confused by the lists; namely, the List of Specially…
OFAC Designates Syria International Islamic Bank
The United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) has added Syria International Islamic Bank (SIIB)…
OFAC SDNT/SDNTK Removals: OFAC Compliance for Foreign Counsel?
Yesterday, the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) removed a number of individuals and…
President Issues Sanctions Targeting Certain Persons in Yemen
On Wednesday, President Obama imposed sanctions against certain parties contributing to the instability in Yemen. Although, no parties were designated…
OFAC Designates Four Mexican Nationals Under the Kingpin Act
Yesterday, the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated four individuals it believes are…
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…
The Foreign Sanctions Evaders Sanctions a/k/a “The President and OFAC Are Not Messing Around” Sanctions
I didn’t see this coming at all, but yesterday President Obama signed an executive order which will prohibit certain activities…
New Sanctions Coming for…..Venezuela?
Over a year ago, I wrote a couple of blog postings regarding the growing concerns of the U.S. Government surrounding…
One Way Guatemalan OFAC Kingpin Overdick-Mejia Could Get Off SDN List
Yesterday, the United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) designated a Guatemalan spice buyer, Horst…