The numbers still aren’t enormous – 70,000 GBP total has been frozen under the ISIL/Al-Qaida regime, 18,000 under EU Reg 2580/2001 and 9,000 under TAFA. There were 45 total accounts frozen as of the end of the quarter, and only 2 new designations (both ISIL/AL-Qaida) and 4 delistings (also all ISIL/Al-Qaida) this quarter. There was one TAFA renewal.
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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 Department’s Office of Foreign Assets Control (OFAC) under Section 906(a)(1) of the TSRA from October 2014 through September 2016. Under the procedures established in its TSRA-related regulations, OFAC processes license applications requesting authorization to export agricultural commodities, medicine, and medical devices to Iran and Sudan under the specific licensing regime set forth in Section 906 of the TSRA.
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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:
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Revisions have been made to the filing requirements for the OSFI-525 and OSFI-590 monthly anti-terrorism reporting effective March 2019. Please consult OSFI’s website for further details. All questions should be directed to OSFI’s Returns Administration at RA-RRS.Support@osfi-bsif.gc.ca.
The UK publishes a quarterly report about its counter-terrorism sanctions program – and the one for Q4 of 2018 (calendar) is out. Here are the highlights:
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The U.S. Department of Treasury’s Office of Foreign Assets Control (OFAC) Office of Compliance and Enforcement (“OCE”) is issuing OCE’s Data Delivery Standards Guidance
2/26/2019
The U.S. Department of Treasury’s Office of Foreign Assets Control (OFAC) Office of Compliance and Enforcement (“OCE”) is issuing OCE’s Data Delivery Standards Guidance: Preferred Practices for Productions to OFAC (“OCE’s Data Delivery Standards”). OCE’s Data Delivery Standards provides guidance regarding submissions and the technical standards for the preferred format in which to submit electronic document productions to OCE, including administrative subpoena responses, self-disclosures, and other documents or reports. OCE has also updated the Data Delivery Standards to include sections addressing preferred practices for organizing document productions, file size and delivery instructions for electronic submissions, instructions for submitting specific types of files, and an addendum with additional technical document production specifications. This document supersedes and replaces in its entirety, OFAC Enforcement’s 2013 Data Delivery Standards.
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This is the 26th annual report to Congress on terrorist assets frozen in the United States. There’s a table that shows that there is about $43.6 million in blocked assets under the Specially Designated Global Terrorist (SDGT), Specially Designated Terrorist (SDT) and Foreign Terrorist Organization (FTO) programs. Of that, about 14.5 million are assets of the Iranian Revolutionary Guards Corps (IRGC) Quds Force, 9.8 million are Hizballah assets, and 7.4 million are Al-Qaida assets.
There are also assets frozen related to state sponsors of terrorism, and those amounts dwarf the others – $201.53 million. Of that, Iranian assets represent more than half (104.5 million), with North Korea (63.4 million) and Syria (33.63 million) making up the rest.
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