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Remember, sanctions are financial pressures…. OFAC shortens leash on GAZ Group

Issuance of Ukraine-related General Licenses 13Q and 15K and Amended Frequently Asked Questions Release date01/24/2022Body OFAC is issuing Ukraine-related General License No. 13Q, “Authorizing Certain Transactions Necessary to Divest or Transfer Debt, Equity, or Other Holdings in GAZ Group,” and Ukraine-related General License 15K, “Authorizing Certain Activities Involving GAZ Group.” […]

SECO adds 10 to Nicaragua sanctions

News 21 January 2022 International sanction 2022 Updated sanctions report The Federal Department of Economic Affairs, Education and Research EAER has amended the Annex to the Ordinance of 24. June 2020 on measures against Nicaragua (RS 946.231.158.5) published. On the 20th. On January 1, 2022, the Federal Department of Economic Affairs, Education […]

OFAC-a-Rama: Updated Venezuela GL , Updated TCO regulations, Civil Monetary Penalty definition update

Issuance of Venezuela-related General License 5I and Updated Frequently Asked Question; Issuance of Amended Transnational Criminal Organizations Sanctions Regulations; Amendment of the definition of the term “Applicable Schedule Amount”  Release date01/20/2022Body The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is issuing Venezuela-related General License 5I, “Authorizing Certain Transactions […]

A warning shot across the bow: OFAC designates people under Russian Harmful Foreign Activities program

OFAC designated the following 3 persons: KOZAK, Taras Romanovych, Ukraine; DOB 06 Apr 1972; POB Lviv, Ukraine; nationality Ukraine; Gender Male (individual) [RUSSIA-EO14024].OLIYNYK, Volodymyr Mykolayovych (Cyrillic: ОЛЕЙНИК, Володимир Миколаевич) (a.k.a. OLEINIK, Vladimir Nikolayevich (Cyrillic: ОЛЕЙНИК, Владимир Николаевич); a.k.a. OLIINYK, Volodymyr), Moscow, Russia; Yalta, Crimea, Ukraine; DOB 16 Apr 1957; POB […]