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OFAC adds & updates Iran & Russia lists, adds counter terror GL & FAQ

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’). […]

November 8, 2022: OFAC Sanctions Tango – Tornado Cash moves from cyber to DPRK, plus some Burma, some DPRK, some cyber adds & removals, and an FAQ

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 […]

New Russia-related FAQ from OFAC

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 […]

October 28, 2022: AUSTRAC issues TBML guide

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 […]

The Nth time is the charm? FinCEN renews and expands the Real Estate GTOs…

FinCEN Renews and Expands Real Estate Geographic Targeting Orders  Contact Office of Strategic Communications, 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 […]

October 17, 2022: OFAC-OFSI Enhanced Partnership

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 […]