Guidance
The FSA issues a quick guide on the money laundering area The Danish FSA’s quick guide is primarily aimed at financial companies, but other companies can also benefit from it. The purpose is to spread the knowledge of the rules of the Money Laundering Act. There are a number of rules […]
Today, OFAC issued the following new Frequently Asked Question for its Iran sanctions program: 816. Is there a wind-down period for Executive Order 13902, “Imposing Sanctions with Respect to Additional Sectors of Iran” (E.O. 13902)? Persons engaged in transactions that could be sanctioned under E.O. 13902 with respect to the construction, mining, […]
Am I dealing with a sanctioned entity? Posted by: OFSI, Posted on: 17 December 2019 – Categories: Compliance, Financial sanctions, Implementation, Libya It is relatively straightforward to find out if an individual is subject to financial sanctions. You can search OFSI’s consolidated list and see if you get a match. Signing up to OFSI’s e-alerts also means you’ll be notified when […]
On Friday, OFAC issued the following new Ukraine/Russia-related Frequently-Asked Question: 815. How does the U.S. government plan to implement the wind-down specified in Section 7503(d) of the National Defense Authorization Act for Fiscal Year 2020 (NDAA), also known as the Protecting Europe’s Energy Security Act of 2019? Upon signature by the […]
Yesterday, OFAC issued a new version of Iran General License K, which permits maintenance and wind-down activities involving COSCO Shipping Tanker (Dalian) Co, Ltd. The new version now expires on February 4, 2020. Along with this, updated versions of Frequently Asked Questions 804: 804. Do sanctions on COSCO Shipping Tanker […]
State Department Advisory on the Export of Metals Products to Iran FACT SHEET OFFICE OF THE SPOKESPERSON DECEMBER 16, 2019 Share The U.S. Department of State is issuing this advisory to alert persons globally to the U.S. sanctions risks for parties involved in transfers or exports to Iran of graphite […]
Today OFAC added the following persons: AHMAD, Nazem Said (a.k.a. AHMAD, Nazem Ali; a.k.a. AHMAD, Nazem Saeed; a.k.a. AHMAD, Nazim; a.k.a. AHMAD, Nazim Sa’id; a.k.a. AHMAD, Nizam Saed; a.k.a. AHMED, Nazem Said; a.k.a. AHMED, Nazem Saied), Mteferraa From Es Semrlnd, Beirut, Lebanon; DOB 05 Jan 1965; POB Sierra Leone; nationality […]
Today, OFAC added a person: KHEDRI, Abdolhossein (a.k.a. KHEDRI, Abdolhossein Heid; a.k.a. KHEDRI, Abdul Hossein; a.k.a. KHODRI, Abed Al Hsein Heid), Iran; DOB May 1971; POB Bushehr Province, Iran; Additional Sanctions Information – Subject to Secondary Sanctions; Gender Male (individual) [SDGT] [IFSR] (Linked To: ISLAMIC REVOLUTIONARY GUARD CORPS (IRGC)-QODS FORCE). […]
On Monday, OFAC added the following 2 Frequently Asked Questions (FAQs) under its Venezuela sanctions program: 808. Do I need a specific license from OFAC to file a suit in U.S. court against a person designated or blocked pursuant to Venezuela-related sanctions? Does a U.S. court, or its personnel, need a […]
Last Wednesday, OFAC updated Frequently Asked Question (FAQ) #303: 303. Which insurance, reinsurance, or underwriting activities are potentially subject to sanctions under IFCA’s section 1246(a)(1)? A number of insurance activities are subject to sanctions under IFCA, including knowingly providing insurance, reinsurance, or underwriting services to or for Iranian persons on the SDN […]
