Guidance
In response to the resumption of talks between the Maduro regime & the opposition, and an agreement to address the humanitarian crisis in Venezuela, OFAC has issued a new version of General License (GL) 8: which removes Chevon from the previous version, and issued GL 41 to allow some activities, […]
Yesterday, OFAC published a Determination showing which new prohibitions on services related to the shipment of Russian crude oil were now in place (since it already couldn’t be imported into the US): They also published detailed guidance: And three General Licenses, exempting transactions related to Sakhalin 2, the E.U. nations […]
OFAC has added the following individuals: DJUMA, Abbas (a.k.a. DZHUMA, Abbas (Cyrillic: ДЖУМА, Аббас); a.k.a. DZHUMA, Abbas Mokhammadovich (Cyrillic: ДЖУМА, Аббас Мохаммадович)), Moscow, Russia; DOB 10 Jul 1993; POB Moscow, Russia; nationality Russia; Gender Male; Passport 724609161 (Russia) expires 23 May 2023 (individual) [RUSSIA-EO14024] (Linked To: PRIVATE MILITARY COMPANY ‘WAGNER’). […]
So, yesterday OFAC made a number of changes to the Russia program. This first one involves the addition of General License 53 authorizes transactions that are “ordinarily incident and necessary to the official business” for Russia’s diplomatic missions that would normally be prohibited under Directive 4 of Executive Order 14024. […]
OFAC has added the following person: OO, Kyaw Min, Yangon, Burma; DOB 18 Jan 1982; nationality Burma; Gender Male; National ID No. 14/MAMAKA N 140703 (Burma) (individual) [BURMA-EO14014]. and entity: SKY AVIATOR COMPANY LIMITED (a.k.a. SKY AVIATOR CO.; a.k.a. SKY AVIATOR CO., LTD.; a.k.a. SKY AVIATOR COMPANY LTD.; a.k.a. “SKY […]
OFAC published a new Russia-related Frequently Asked Question (FAQ): 1094. Is crude oil of Russian Federation origin that is loaded onto a vessel at the port of loading for maritime transport prior to December 5, 2022 subject to the price cap? Answer No, provided the oil is unloaded at the […]
Preventing trade-based money laundering in Australia This guide provides indicators and behaviours to help financial service providers, particularly those engaged in trade financing, to detect and report suspicious financial activity. International trade is an attractive avenue for criminals as it presents risks and vulnerabilities that they can exploit. Criminals engaged […]
FinCEN Renews and Expands Real Estate Geographic Targeting Orders Contact Office of Strategic Communications,press@fincen.gov Immediate Release October 26, 2022 WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) today announced the renewal and expansion of its Geographic Targeting Orders (GTOs) that require U.S. title insurance companies to identify the natural persons behind shell […]
First, the new Executive Order: Next, the new person: CERNA JUAREZ, Reinaldo Gregorio Lenin (a.k.a. CERNA JUAREZ, Lenin), Nicaragua; DOB 29 Sep 1947; alt. DOB 29 Sep 1946; POB Nicaragua; nationality Nicaragua; citizen Nicaragua; Gender Male; Passport A005297 (Nicaragua) (individual) [NICARAGUA]. and entity: GENERAL DIRECTORATE OF MINES (Latin: DIRECCIÓN GENERAL […]
OFAC-OFSI Enhanced Partnership Posted by: OFSI, Posted on: 17 October 2022 – Categories: Financial sanctions, Implementation, OFAC, UK As Directors of two of the world’s leading financial sanctions implementation authorities, we are committed to our close working relationship. As a testament to this ongoing commitment, on Thursday, 13 October, OFAC and OFSI concluded a multi-day technical exchange in London […]
Mr. Watchlist 