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FinCEN issues supplemental Human Trafficking Advisory

FinCEN Issues Supplemental Advisory on Identifying and Reporting Human Trafficking and Related Activity The Financial Crimes Enforcement Network (FinCEN) issued an advisory today to help financial institutions identify and report human trafficking. It is imperative that financial institutions enable their detection and reporting of suspicious transactions by becoming aware of […]

After a brief hiatus…

Welcome to the “Shootout at the OFAC Corral”, the latest episode of Mr. Watchlist’s DesigNation. The new show is focused on last week’s designation of the Iranian financial services sector under Executive Order 13902, and the designation of 18 Iranian banks (which had already been sanctioned under the Iranian Transactions […]

We heard this was coming…Iran’s financial sector designated under E.O. 13902…

OFAC updated the following Iranian financial firms, designating them under Executive Order 13902, and adding secondary sanctions to each: AMIN INVESTMENT BANK (a.k.a. AMINIB), No. 51 Ghobadiyan Street, Valiasr Street, Tehran 1968917173, Iran; Website [IRAN]. -to- AMIN INVESTMENT BANK (a.k.a. AMINIB; a.k.a. “AMIN IB”), No. 51 Ghobadiyan Street, Valiasr Street, […]

Where in the world is OFAC today? Syria and Cuba

Today, OFAC added the following people under the Syria sanctions related to Executive Order 13894: IBRAHIM, Nasreen Hussein (Arabic: نسرين حسين إبراهيم) (a.k.a. IBRAHIM, Nisrine; a.k.a. IBRAHIM, Nsrin; a.k.a. IBRAHIM, Nsrin Hussin), Damascus, Syria; DOB 13 Nov 1975; POB Latakia, Syria; nationality Syria; Gender Female; National ID No. 06110008173(Syria) (individual) [SYRIA-EO13894].  IBRAHIM, […]

Habla Cybercrime? FinCEN does…

FinCEN Issues Spanish Language Version of Its Advisory on Cybercrime and Cyber-Enabled Crime Exploiting the COVID-19 Pandemic The Financial Crimes Enforcement Network (FinCEN) has made available a Spanish language version of its Advisory on Cybercrime and Cyber-Enabled Crime Exploiting the COVID-19 Pandemic, which was issued in English on July 30, […]

More stuff to read over your weekend…

Today, OFAC replaced Global Magnitsky General License 2… with 2A, and issued an updated FAQ about it: 835. What does Global Magnitsky General License 2A authorize? Answer On July 31, 2020, OFAC designated, pursuant to E.O. 13818, the Xinjiang Production and Construction Corps (XPCC) for its connection to serious human rights abuse […]

After-Hours Sanctions: New CACR, New FAQs

The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is amending the Cuban Assets Control Regulations, 31 C.F.R. Part 515 (CACR) to further implement portions of the President’s foreign policy toward Cuba. OFAC is also publishing a number of new and updated Frequently Asked Questions. Arrived in my […]