Enforcement Actions
Amendment of the definition of the term “Applicable Schedule Amount” within the Economic Sanctions Enforcement Guidelines Release date 04/09/2021 Body The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is amending the definition of “applicable schedule amount” contained in appendix A to 31 CFR part 501. This technical amendment is […]
Hello, fellow pandemic shut-ins… New episode of Mr. Watchlist’s DesigNation, entitled The Other Shoe Drops. It’s about the Nordgas settlement with OFAC from March 26, and what it informs us better about the UniControl settlement. Hopefully, OFAC is listening, because they could learn something, too… hint, hint: they could have […]
Updated guidance comes into force OFSI’s updated version of its monetary penalty guidance comes into force today, 1 April 2021. Any breaches reported to OFSI on or after this date will be assessed using this new guidance. This is the first update to the monetary penalty guidance since May 2018. It incorporates […]
FOR IMMEDIATE RELEASE March 10, 2021 Media Contact: (202) 482-1069 BIS IMPOSES DENIAL ORDER ON NEW JERSEY RESIDENT FOR EXPORTS TO RUSSIAN NUCLEAR WEAPONS CENTER AND OTHER PROHIBITED END USERS WASHINGTON – On March 5, 2021, Jeremy Pelter, performing the non-exclusive functions and duties of the Under Secretary for Industry […]
JUSTICE NEWS Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Wednesday, March 31, 2021 DeepDotWeb Administrator Pleads Guilty to Money Laundering Conspiracy DeepDotWeb received over $8 million in kickbacks from purchases of fentanyl, firearms, and other contraband on Darknet marketplaces An Israeli national pleaded guilty today for his […]
Department of Justice U.S. Attorney’s Office Eastern District of Virginia FOR IMMEDIATE RELEASE Thursday, March 25, 2021 United States Seizes Websites Used by Foreign Terrorist Organization ALEXANDRIA, Va. – The United States has seized “r-m-n.net” and “Almaalomah.com,” two websites that were unlawfully utilized by Kata’ib Hizballah, a Specially Designated National […]
FOR IMMEDIATE RELEASE March 19, 2021 http://www.bis.doc.gov BUREAU OF INDUSTRY AND SECURITY Office of Congressional and Public Affairs (202) 482-1069 COMTECH XICOM RESOLVES ALLEGATIONS OF UNLICENSED EXPORTS TO THE U.A.E., BRAZIL AND RUSSIA Today, Kevin J. Kurland, performing the non-exclusive duties of the Assistant Secretary for Export Enforcement, the U.S. […]
Finantsinspektsioon instructed LHV Pank to improve its anti-money laundering controls 09/03/2021 On 8 March, following a planned risk-based supervisory procedure, Finantsinspektsioon required AS LHV Pank to review its procedures for submitting information to the Financial Intelligence Unit and to involve the management of the bank more in making decisions on […]
So, Nordgas S.r.l., an Italian firm, was the firm who: Approached (and was turned down by) UniControl in 2012 to sell its goods into Iran Declined UniControl’s offer in 2016 to ship directly to its end-user when it was having internal issues Asked UniControl to remove the “Made in the […]
FINTRAC imposes an administrative monetary penalty on Park Georgia Realty Ltd. FINTRAC announced today that it has imposed an administrative monetary penalty on Park Georgia Realty Ltd. This real estate broker in Vancouver, British Columbia was imposed an administrative monetary penalty of $66,742.50 on January 25, 2021 for non-compliance with […]
