MOFCOM Order No. 1 of 2021 on Rules on Counteracting Unjustified Extra-territorial Application of Foreign Legislation and Other Measures Order of the Ministry of Commerce of the People’s Republic of China 2021 No. 1 The Rules on Counteracting Unjustified Extra-territorial Application of Foreign Legislation and Other Measures, approved by the […]
New podcast episode is out – Turkey on the Menu – all about CAATSA Sections 231 & 235, the new OFAC Non-SDN Menu-Based Sanctions List, and yesterday’s designations of the Turkish defense ministry and senior officials…. Also, what I think about menu-based sanctions… Happy Listening!
Render unto OFAC will appear in the September-November issue of ACAMS Today. Its focus is the Caesar Syria Civilian Protection Act. Enjoy – all feedback welcome, of course!
Updated Public Guidance for Section 232 of the Countering America’s Adversaries Through Sanctions Act (CAATSA) MEDIA NOTE OFFICE OF THE SPOKESPERSON JULY 15, 2020 Share Today, the Department of State updated the public guidance for Section 232 of the Countering America’s Adversaries Through Sanctions Act (CAATSA), which allows for the imposition […]
Seems like we’re getting close to the hypothetical I posed yesterday about armed escorts of vehicles… seem. Venezuela is going to escort the Iranian tankers once they hit the country’s exclusive economic zone (I believe that’s the 200 nautical mile limit from shore). Sigh… watch this space.
Today, OFAC added the following individuals: ALI NOORINAJAD, Mohammad, Iran; POB Kabudar Ahang, Iran; nationality Iran; Additional Sanctions Information – Subject to Secondary Sanctions; Gender Male; National ID No. 4032108617 (Iran) (individual) [IRAN-HR] (Linked To: LAW ENFORCEMENT FORCES OF THE ISLAMIC REPUBLIC OF IRAN). ASHRAQ, Hamidraza, Iran; POB Abadan, Iran; nationality Iran; […]
So, five oil tankers are steaming to Venezuela from Iran, with the U.S. determined to stop them, and Iran telling they darn well better not, or else. So, what really are the US’ options, and what might be the consequences? So, let’s start with the United Nations sanctions on North […]
Implementation of the Federal Civil Penalties Inflation Adjustment Act 4/8/2020 The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is amending its regulations to implement for 2020 the Federal Civil Penalties Inflation Adjustment Act of 1990, as amended by the Debt Collection Improvement Act of 1996 and the Federal Civil […]
Notice of Amendments to Legislation 05 Mar 2020 Following the ending of the consultation period on a number of proposed legislative changes that were set out in Consultation Paper No. 125, 129 and 130 the DFSA Board, after due consideration of consultees’ comments, made amendments to the DFSA Rulebook as described below. Please bear in […]
You’d think I wouldn’t have to write about how, if you don’t want to run afoul of US laws and regulations, you actually have to read them… but I did. I can’t tell you how many times, when I go overseas, I get complaints about how complex it all is. […]