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Today’s the deadline: OFSI reminds us again…

Final reminder: frozen assets reporting 2019 OFSI is conducting its annual frozen assets review. If you hold or control funds or economic resources belonging to, owned, held, or controlled by a designated person you are required to submit a report to the Treasury’s OFSI by Friday 11 October 2019. Your report should include details […]

OFAC’s little ARBP reminder

Reminder for the Annual Report of Blocked Property 9/23/2019 On July 1, 2019, the Office of Foreign Assets Control (OFAC) issued a recent action notice, reminding holders of property blocked pursuant to OFAC sanctions regulations published in Chapter V of Title 31 of the Code of Federal Regulations (C.F.R.) of the requirement to […]

OFAC posts the latest TSRA Report

Eighth Biennial Report for Licensing Activities Undertaken Pursuant to the Trade Sanctions Reform and Export Enhancement Act of 2000 (TSRA) 8/19/2019 OFAC has released a Biennial Report of Licensing Activities pursuant to Section 906(c) of the Trade Sanctions Reform and Export Enhancement Act of 2000 (TSRA), covering activities undertaken by the Treasury […]

HM Treasury published 2019-18 AML/ CTF supervision report

From the introductory section: This is the Treasury’s seventh annual report on AML/CTF supervision. This report includes self-reported data about activity undertaken in 2017-18 across the UK’s AML/CTF regime, which AML/CTF supervisors provided to the Treasury in their annual returns. This report provides transparency about the performance of AML/CTF supervisors […]

June 13, 2019: CMPs getting inflated again…

Under the Federal Civil Penalty Inflation Adjustment Act of 1990 (amended under the Debt Collection Improvement Act of 1996 and the Federal Civil Penalties Inflation Adjusement Act Improvements Act of 2015), federal agencies get to adjust their penalty schedules for inflation. For OFAC, that means the statutory maximums imposed for […]

OFAC’s latest Terrorist Assets Report is out

This is OFAC’s 27th “Annual Report to the Congress on Assets in the United States Relating to Terrorist Countries and Organizations Engaged in International Terrorism” – a mouthful, I know. Some highlights: $46.181 million in blocked terrorist organization assets, up from $43.606 million in 2017 Biggest increases in this group […]