18 Jun 2020 Fraudulent website related to Bank of Singapore Limited The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by Bank of Singapore Limited on fraudulent website, which has been reported to the HKMA. Hyperlink to the press release is […]
HKMA Alert: Fraudulent ZA Bank website Random thought of the Day: Executive Order 13894 Lloyd’s Register removes class from 10 sanctioned Venezuelan ships World Bank Debarment: Aaron Ingenieros Constructores & Consultores E.I.R.L. World Bank Debarment: Yooshin Engineering Corporation Easy come, easy go: Venezuela removals
Along with the removal of Venezuela General License 37, today, OFAC removed the following entities and vessels from the SDN List: SEAHERO Crude Oil Tanker Bahamas flag; Vessel Registration Identification IMO 9315642 (vessel) [VENEZUELA-EO13850] (Linked To: ADAMANT MARITIME LTD). ADAMANT MARITIME LTD, Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, […]
PRESS RELEASE JULY 1, 2020 World Bank Group Debars Yooshin Engineering Corporation WASHINGTON, July 1, 2020 — The World Bank Group today announced the 13-month debarment of Yooshin Engineering Corporation (“Yooshin”), a general engineering and construction supervision company based in the Republic of Korea, in connection with fraudulent practices as part of […]
PRESS RELEASE JULY 1, 2020 World Bank Group Debars Aaron Ingenieros Constructores & Consultores E.I.R.L. WASHINGTON, July 1, 2020 — The World Bank Group today announced the 15-month debarment of Peru-based Aaron Ingenieros Constructores & Consultores E.I.R.L., a company that provides road freight transport services, in connection with a fraudulent practice as […]
According to Lloyd’s List, Lloyd’s Register had previously “classed” 10 vessels subject to sanctions. Of these, five are owned by Petroleos de Venezuela, SA (PdVSA), the Venezuelan national oil company. The terminology “class” appears to refer to the issuance of a classification certificate, which is required for (according to Wikipedia) […]
The bulk of OFAC’s June 17th designations bore the program tag [SYRIA-E.O.13894]. This Executive Order is the only one issued under the “Syria-related” sanctions program. This Executive Order allows the designation of people belonging to the Turkish government, any subdivision of it, or anyone determined to be: (A) to be […]
11 Jun 2020 Fraudulent website related to ZA Bank Limited The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by ZA Bank Limited on fraudulent website, which has been reported to the HKMA. Hyperlink to the press release is available on the […]
HKMA Alert: Fraudulent HSBC website and phishing email Background info: State Department Fact Sheet on Iran Background Info: State Department statement on Hong Kong National Security Legislation European Commission issues opinion on ownership and control issues US issues Xinjiang Supply Chain Business Advisory Time to do your OFAC paperwork!
Reminder to file the 2020 Annual Report of Blocked Property 7/1/2020 31 C.F.R. § 501.603 of the Reporting, Procedures and Penalties Regulations (RPPR) requires holders of blocked property to provide the Office of Foreign Assets Control (OFAC) with a comprehensive list of all blocked property held as of June 30 of […]
