By now, I think you are aware of my experience and expertise in the sanctions realm – and have some sense of my point of view regarding sanctions compliance and its geopolitical ramifications. So, if your firm would like me to come “visit” you via Zoom, Google Meet, WebEx, etc […]
Today, OFAC replaced Global Magnitsky General License 2… with 2A, and issued an updated FAQ about it: 835. What does Global Magnitsky General License 2A authorize? Answer On July 31, 2020, OFAC designated, pursuant to E.O. 13818, the Xinjiang Production and Construction Corps (XPCC) for its connection to serious human rights abuse […]
Statement on inspection in Ringkjøbing Landbobank A / S (money laundering area) In December 2019, the Danish Financial Supervisory Authority inspected Ringkjøbing Landbo-bank A / S. This was a functional investigation of the money laundering area as part of the ongoing supervision of the bank. The inspection was focused on the bank’s […]
I was quoted in today’s National Journal article “Trump’s go-it-alone approach to Iran rankles allies” by Harrison Cramer – it’s about the JCPOA, Monday’s Executive Order on Iranian conventional arms sales and purchases, and Eliot Abrams’ testimony on Capitol Hill. Sorry, it’s behind a paywall… I can’t get there, either. […]
Swiss miss: FINMA enforcement action against Bank SYZ HKMA Alert: Bank of China WhatsApp phishing message New article on the Publications page Once again, foreign subs ignore US parent: OFAC Enforcement Action If you want to know more about OFAC enforcement actions… Treasury’s statement on changes to Cuba sanctions September […]
Major New Human Rights-Related Listings and Accompanying Sanctions on Iran PRESS STATEMENT MICHAEL R. POMPEO, SECRETARY OF STATE SEPTEMBER 24, 2020 Share The Iranian regime must respect the human rights of the Iranian people. Despite its obligations and commitments, the regime continues to subvert its justice system to fuel fear […]
OFAC just added the following people: SADATI, Seyyed Mahmoud (Arabic: سید محمود ساداتی), Shiraz, Iran; DOB 1958; alt. DOB 1959; POB Estahaban, Iran; nationality Iran; Additional Sanctions Information – Subject to Secondary Sanctions; Gender Male; Judge, Revolutionary Court of Shiraz (individual) [CAATSA – IRAN]. SOLTANI, Mohammad, Mashhad, Iran; DOB 1958; alt. […]
C. Compliance Commitments: Respondent has terminated the conduct described above and has established, and agrees to maintain for at least five years following the date this Agreement is executed, sanctions compliance measures that are designed to minimize the risk of recurrence of similar conduct in the future. Specifically, OFAC and […]
PRESS RELEASES Treasury Sanctions Key Actors in Iran’s Nuclear and Ballistic Missile Programs September 21, 2020 Action taken in support of the re-imposition of UN sanctions on Iran lifted under UNSCR 2231 WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned three Deputy Directors […]
PRESS RELEASES Treasury Continues Pressure on Illegitimate Regime Officials Undermining Democracy in Venezuela September 22, 2020 Washington – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated five key figures that have facilitated the illegitimate Maduro regime’s efforts to undermine democracy in Venezuela. These individuals, including […]
PRESS RELEASES Treasury Increases Pressure on Russian Financier September 23, 2020 WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) took further action against the network of Kremlin-connected Russian operative Yevgeniy Prigozhin (Prigozhin), by targeting entities and individuals working on behalf of Prigozhin to advance […]
