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OFAC publishes 2 new Syria FAQs

884. Do non-U.S. persons, including nongovernmental organizations (NGOs) and foreign financial institutions, risk exposure to U.S. secondary sanctions pursuant to the Caesar Syria Civilian Protection Act of 2019 (Caesar Act) for activities that would be authorized under the Syrian Sanctions Regulations (SySR)? Answer With respect to non-U.S. persons, OFAC will not […]

March 25, 2021: OFAC sanctions 2 entities, removes 1 entity and updates 2 listings under Burma program

Yesterday, OFAC added the following 2 entities: MYANMA ECONOMIC HOLDINGS PUBLIC COMPANY LIMITED (a.k.a. MYANMAR ECONOMIC HOLDING LIMITED; a.k.a. “MEHL”), 51*Mahabandoola Road 189/191, Botataung, Rangoon 11161, Burma; Registration Number 156387282 (Burma) [BURMA-EO14014].  MYANMAR ECONOMIC CORPORATION LIMITED (a.k.a. MYANMAR ECONOMIC CORPORATION; a.k.a. “MEC”), Corner of Ahlone Road & Kannar Road, Ahlone Township, […]

All together now: OFAC makes updates in Cyber, Yemen, Ukraine/Russia & non-proliferation programs

Today, OFAC added the following persons: AL-HAMZI, Ahmad (Arabic: أحمد الحمزي) (a.k.a. AL-HAMZI, Ahmad ‘Ali; a.k.a. AL-HAMZI, Ahmad ‘Ali Ahsan; a.k.a. AL-HAMZI, Ahmed Ali; a.k.a. “AL-HAMZI, Muti’”), Yemen; DOB 1985; POB Sanaa al-Hamzat, Yemen; nationality Yemen; Gender Male; Commander of the Houthi Air Force (individual) [YEMEN].  AL-SA’ADI, Mansur (a.k.a. AL SAADI, […]

February 16, 2021: OFAC revokes counter-terror General Licenses & related FAQs, updates and removes some counter terror & Yemen listings

On Tuesday, OFAC revoked Counter Terrorism General Licenses 9 (Official US Government Business), 10 (Official International Organization Activities), 11 (Support of NGO Activities in Yemen), 12 (Export/Re-export of Agricultural Commodities, Medicine, Medical Devices, Replacement Parts and Components or Software Updates) and 13 (Transactions involving Ansrallah). Along with that, FAQs 875, […]

Today’s lesson: secondary sanctions under CAATSA

546. In section 10(a)(2)(A) of SSIDES, are persons “subject to sanctions imposed by the United States with respect to the Russian Federation” limited to persons listed on OFAC’s Specially Designated Nationals and Blocked Persons (SDN) List, or does it also include persons identified on the Sectoral Sanctions Identifications (SSI) List or […]